Eisenmann Thermal Solutions acquired by ONEJOON

10.01.2020
CompositesWorld.com

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Eisenmann, which makes furnaces used in carbon fiber manufacture, was acquired by Korea-based furnace producer ONEJOON.

Industrial furnaces specialist Eisenmann Thermal Solutions GmbH & Co. KG (Bovenden, Germany) reported on Jan. 9 that it has been acquired by ONEJOON Co. Ltd., a Korean manufacturer of of furnaces for processing cathode and anode materials in the lithium-ion battery industry.

Eisenmann Thermal Solutions, which makes furnaces used in the manufacture of carbon fiber, was part of the Eisenmann Group, which had filed for bankruptcy in August 2019. However, Eisenmann Thermal Solutions was not considered part of the Eisen­mann Group's core business, so insolvency administrator Joachim Exner, managing partner of the German law firm Dr. Beck & Partner, was forced to develop a separate investor solution for this company.

The actual purchaser of Eisenmann Thermal Solutions is ONEJOON Thermal Solutions GmbH, based in Bovenden. The transfer of business operations will take place on Jan. 15, 2020. Both of Eisenmann Thermal Solutions’ Germany sites (Böblingen and Bovenden) and all of its 200 employees will be retained.

Exner had overseen operation of Eisenmann Thermal Solutions in full since the application for insolvency. "The fact that this was successful is primarily thanks to the employees who have remained loyal to their company with full commitment over the past few months," says Exner.