Perlon® Group: Investor process successfully completed

• The Perlon® Group, with production sites in Germany, Poland, and China, has been successfully transferred as part of a global investor solution. • Despite extensive operational restructuring measures, nearly 450 of the approximately 510 jobs in Germany were preserved. • The internationally renowned traditional brand Perlon® will continue to exist as a corporate group with a long-term future perspective. • The future of one of the world’s leading manufacturers of synthetic filaments has thus been permanently secured.

The future of one of the world’s leading manufacturers of synthetic filaments is secured. Following intensive negotiations led by SGP Schneider Geiwitz, a key milestone has been reached in the court-supervised restructuring proceedings under self-administration of the Perlon Group, which were opened on 1 October 2025. The transaction was legally completed with effect from 3 June 2026. Wuxi Yinda Nylon Co. Ltd., a family-owned chemical company from the Shanghai region, successfully prevailed over national and international bidders in a global investor process. The M&A advisory firm Falkensteg managed the global investment process.

The corresponding purchase agreements were implemented in close coordination with the creditors’ committees and the insolvency administrator Dr. Max Liebig, so that the group’s operating companies in Germany, Poland, and China have now been transferred into a new, financially independent ownership structure.

Around 450 of the group’s total approximately 510 jobs at its German sites were preserved in the process.

Unrestricted business operations as the key to success

A key success factor in the rescue of the corporate group was the exceptional stability in its operational activities. Despite the court-supervised restructuring proceedings, which covered a total of seven German companies of the Perlon Group with key sites in Bobingen, Munderkingen, and Wald-Michelbach, production and sales at the plants continued throughout the entire self-administration period without major restrictions and at the usual high level of quality. This ensured the trust of the global customer base and provided the necessary stability and time for investor negotiations.

“We are very pleased and relieved that, after intensive negotiations, a long-term viable solution has been found for the Perlon® operations in Germany, Poland, and China. Our special thanks go to Perlon management and the entire workforce for their outstanding loyalty and excellent cooperation during this visibly difficult insolvency phase,” says Dr. Markus Mairgünther of SGP Schneider Geiwitz.

His colleague Christian Plail adds: “It is of enormous importance for the region and the affected industries that this strong brand can remain in the global market and that the traditional sites can continue to exist permanently. We are very satisfied with the entire restructuring process and the achieved outcome.”

The restructuring experts Dr. Markus Mairgünther and Christian Plail acted as authorized representatives (general plenipotentiaries) and, together with the management team led by Messrs. Becker, Peter, and Lehmann, steered the restructuring operationally and strategically throughout the entire process.

A century of innovation history

The Perlon Group has deep historical roots in the German textile and plastics industry. More than 100 years ago, fibers for the brush industry were already being produced at the Munderkingen site. Over the decades, the company developed into one of the world’s leading manufacturers of synthetic filaments for demanding industrial applications.

Its most important customers include international companies from highly specialized key industries, particularly the paper industry, the brush and consumer goods sector, and dental medical technology. More recently, the group has faced structural changes in the European market for paper machine clothing, where capacity utilization dropped by around 40% within a very short period. Together with significant increases in energy and labor costs, this development made the restructuring step unavoidable.

Complex legal challenge in an international environment

“Given the different jurisdictions and the interlinking of the seven insolvent companies with subsidiaries abroad in Poland and China, the transaction advisory work represented an interesting legal challenge. Thanks to the constructive cooperation of all parties involved in the deal, it ultimately led to a successful outcome,” says Dr. Hückel.

Long-term continuity and comprehensive future investments

With the new owner, Perlon Group is transitioning into a structure focused on operational stability and growth. The Perlon® name will remain unchanged as the group’s global core brand and identity.

“As the new shareholder, we stand for long-term continuity, a strong international orientation, and further profitable growth. In this commitment, we are clearly focusing on targeted future investments – in particular in state-of-the-art production technology, excellent service, and an even deeper internationalisation of our sales channels,” says Lianwei Yin of Wuxi Yinda Nylon Co. Ltd..

Co-managing director Xiaotao Xia outlines the strategic guidelines for the coming years: “Perlon® will in future consistently align its structures and operational processes to serve our customers worldwide even more reliably and to sustainably strengthen global competitiveness.”

With the completion of the purchase and transfer agreements, a decisive milestone has been reached in the self-administration proceedings. “I am pleased with this highly positive outcome of the investor process and the future solution found for the traditional group. The consistently constructive, professional, and solution-oriented cooperation of all parties involved – from the self-administration team and the creditors’ committee to the buyer side – formed the solid foundation for this significant restructuring success in the interest of the creditors,” also emphasizes court-appointed insolvency administrator Dr. Max Liebig of LIEBIG Insolvenzverwaltung Restrukturierung.