He thus confirmed a report in the "suddeutsche zeitung" (wednesday). In the coming weeks, the balance sheet documents will be examined, and a conclusion of the takeover talks with insolvency administrator michael pluta could then be reached in february or march of next year. For the model train manufacturer, which slipped into insolvency in 2009, the sale to simba dickie could therefore mean a great opportunity.
Sieber would not say how much money simba dickie is putting into the marklin takeover. It was agreed not to disclose the details. Thanks to the renovation work carried out since 2009, marklin has "growth potential. The continuation of "this successful strategy is also our plan," he stressed. Marklin will become an "independent pillar" of the simba dickie family business, he stressed. Sieber also plans to continue production in germany and hungary. That has been preserved, he said.
Marklin insolvency administrator pluta seeks an investor with heart and soul, according to his spokesman. The size of the company also plays a role, and the potential applicant must be able to offer future prospects. Third factor is the purchase price. "The insolvency plan does not foresee a sale before 2014," he added. "We are at a very early stage," he added of the current talks. Even at marklin itself, there is no hurry in the matter of investors. "That makes marklin happy when you do a good job and there are interested parties," a spokesman said only.
The model railroad company filed for insolvency in 2009, but managed to emerge from the crisis. Marklin is mainly owned by the creditor banks goldman sachs, BW-bank and kreissparkasse goppingen and is currently being run according to an insolvency plan. By court order, the former insolvency administrator michael pluta was appointed trustee. He is responsible for the implementation of the bankruptcy plan and also leads the investor process.
The traditional company produces 500,000 locomotives and two million cars of the brands marklin, trix and LGB every year with about 1,000 employees in goppingen and hungary. 2011 sales were around 108 million euros.
Simba dickie, on the other hand, has 4,000 employees worldwide and generated sales of around 620 million euros last year. Figures for this year are not yet available, according to a spokeswoman. The company is number three on the german toy market after mattel and lego. 2012 it celebrates its 40. Jubilee. The schuco toy brand, which belongs to simba, also celebrated its 100th birthday this year.