April 7, 2025 15:42

As part of the restructuring process launched mid-last year by Epsotech, the German manufacturer of thermoplastic sheets, creditors have approved the transfer of the group company stakes held by Epsotech Holding to Skender GmbH, a newco established for this purpose by current CEO Predrag Skender.

The decision favored the continuity-focused industrial plan presented by the management over alternative bids submitted by external investors.

The agreement also covers the group’s foreign subsidiaries, which were not involved in the self-administration proceedings that apply to the three German entities: Epsotech Holding, Epsotech Germany, and Epsotech Color. As part of the restructuring, the Jülich plant—located between Cologne and Düsseldorf—has been downsized and is now fully operational, focusing exclusively on polyolefins.

“The continued trust and regular orders from our customers validate that our 'Competence Center Strategy' is the right path, and this reinforces our commitment as management to stay the course,” commented CEO Predrag Skender. “The restructuring process is expected to be completed in the first half of 2025, with this goal already clearly within reach.”

The company also operates a plant in Italy, located in Cuggiono (Milan), which houses eight extrusion lines for ABS, three of which are also capable of producing ABS/PMMA. With an annual capacity exceeding 15,000 tonnes, the Italian facility is currently the group’s largest production site.

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