Staffel-Gruppe is insolvent

Subsidiary in Aschaffenburg affected

Further insolvency proceedings in the region

The Aschaffenburg-based Staffel-Gruppe has filed for insolvency. The company, which has been in financial difficulties for some time, has now had to file for insolvency. The insolvency proceedings were opened by the local court on Tuesday. The law firm Schultze & Braun has been appointed as insolvency administrator.

The Staffel-Gruppe is a holding company with several subsidiaries in the construction industry. The group's core business is the construction of residential and commercial buildings. The company has been in financial difficulties for some time. In 2020, the group had to sell its subsidiary in Großostheim to the insolvency administrator. The company has now also had to file for insolvency for the Aschaffenburg subsidiary.

The insolvency proceedings will now be conducted by the insolvency administrator. The administrator will now have to examine the company's financial situation and determine whether the company can be saved. If this is not the case, the company will have to be liquidated.

The insolvency of the Staffel-Gruppe is a further blow to the construction industry in the region. In recent months, several other construction companies in the region have had to file for insolvency. The insolvency of the Staffel-Gruppe is likely to further exacerbate the situation in the construction industry in the region.