Job announcement by Christian Oetker-Kast in Gernsbach:
German Packaging Manufacturer Casimir Kast Files for Insolvency
In a surprising turn of events, Casimir Kast Verpackung und Display GmbH Gernsbach, a prominent packaging manufacturer based in Gernsbach, Germany, has filed for insolvency at the local court in Baden-Baden.
The insolvency filing was triggered by a challenging economic situation, as stated by the company, which primarily affects the German economy. The management took this step to prevent further damage to the company.
Despite the insolvency, efforts will be made to maintain business relationships with all partners, suppliers, and customers. Casimir Kast has been a significant player in the packaging industry for 475 years, developing and producing cardboard and corrugated paper packaging for market leaders in the FMCG sector, as well as renowned brand agencies from Germany and neighboring countries.
The company, located between the Murg and the B462 in Gernsbach, currently employs around 160 people, making it one of the largest employers in the Murgtal region. The works council will be involved in all decisions during the insolvency proceedings to ensure the best possible outcome for the employees.
Business operations at Casimir Kast will continue as normal during the insolvency proceedings. An interim insolvency administrator, Dr. Burkhard Opitz, has been appointed to work with Casimir Kast. The responsible insolvency administrator is expected to be appointed later today.
The interim administrator will help find a strong partner or investor for the company's restructuring. Christian Oetker-Kast, the managing partner of Casimir Kast, remains optimistic about the situation and is seeking an investor to help with the company's financial situation.
The press release about the insolvency was published on Wednesday. Casimir Kast's employees will be paid for up to three months through insolvency funds. The company is working with the insolvency administrator to develop a perspective for the future. Further details about the current situation at Casimir Kast are not available at this time.
