• Business operations and all 44 jobs transferred to Weha GmbH i. G.
• Entrepreneur Frank Nozar takes over the company as managing shareholder
• Business operations fully maintained throughout the self-administration proceedings
• Experienced restructuring team achieves a sustainable solution for creditors and workforce

Königsbrunn/Augsburg, 12 October 2026. An investor solution has been implemented for the business operations of Weha Ludwig Werwein GmbH from Königsbrunn near Augsburg. As part of the self-administration proceedings, the business operations were transferred to the newly founded Weha GmbH i. G. with effect from 1 October 2026. All 44 employees were taken over by the acquirer.

The new company is backed by entrepreneur Frank Nozar of Nozar Diamantwerkzeuge, who acts as founder and sole shareholder. A key success of the transferring restructuring is the complete retention of the workforce: all 44 employees are being taken over by the acquirer. The completion of the sale is good news for employees, customers, suppliers and the business location. The parties agreed not to disclose the purchase price.

Successful investor solution secures the future of the site

With Frank Nozar coming on board, the company gains a partner with industry experience. According to attorney Dr. Paul Abel of the law firm Wellensiek, who accompanied the proceedings as general representative (Generalbevollmächtigter), the team is very pleased with the positive outcome and with having found an entrepreneurially strong partner in Frank Nozar; thanks to a joint team effort, business operations were maintained seamlessly and stably throughout the entire restructuring period, which made the rescue possible in the first place (quote paraphrased). Custodian (Sachwalter) Dr. Alexander Zarzitzky of Anchor Rechtsanwälte also draws a positive conclusion: in his view, rescuing the company through the sale is the best solution for the creditors and reflects the committed, goal-oriented cooperation of the entire team during the restructuring (quote paraphrased).

Established traditional company with worldwide customer relationships

Weha Ludwig Werwein GmbH was founded in 1977 and has established itself over decades as a firmly rooted second-generation family business. In August 2019, SIS Stein-Industrie-Service GmbH was merged into the company. The company's business is the wholesale and specialist trade in machinery, tools and accessories for the stone-processing industry and the trades. Its most important customers come from Europe, the USA and Asia. Traditionally, the segments with the highest sales are transport and storage technology and diamond tools, complemented by occupational safety, cutting, grinding and surface technology as well as grave decorations. Goods are purchased internationally in Germany, Europe, the USA and Asia.

Challenging market environment led to self-administration

After a temporary boom in the construction sector immediately after the Covid-19 pandemic, the company came under noticeable pressure in the following years. Revenues most recently fell to just under EUR 12 million. This was due to a combination of external and internal factors: in addition to the continued weakness of the construction economy and declining demand in the DACH region, supply problems in the course of restructuring a former Polish production facility weighed on liquidity. This prompted management to file for insolvency with the Augsburg Local Court on 8 July 2026.

Stable business operations and a structured M&A process

On 10 July 2026, the Augsburg Local Court ordered preliminary self-administration and appointed attorney Dr. Alexander Zarzitzky as preliminary custodian. Under the custodian's supervision, business operations continued without interruption. The M&A advisory firm Raab & Kollegen conducted a structured investor process in which 181 potential investors were approached. According to Dr. Zarzitzky, the structured investor process paid off in full: without a swift transfer to an investor, closure would have been imminent after the opening of proceedings; the sale to Frank Nozar achieved a lasting going-concern solution and put the company on a stable footing (quote paraphrased).

Consistent further development under new leadership

Weha GmbH i. G. will continue the operating business as an independent company. In addition to Frank Nozar as managing shareholder, Julia-Claire Möbius is designated as managing director. Möbius, who took on responsibility at Weha shortly before the application for self-administration, emphasises that a very good solution has been found for Weha's future and that, above all, it means the business continues. Plans include the continuous development of the product range, processes and procurement structures as well as the targeted expansion of digital offerings and the online shop (quote paraphrased).

Parties involved:
Wellensiek (general representative): Dr. Paul Abel
Anchor Rechtsanwälte (custodian): Dr. Alexander Zarzitzky
Raab & Kollegen (M&A advisory, investor process)

This text was automatically translated from the German original.