Mühl Product & Service

Mühl Product & Service AG (short: Mühl AG) is a German holding company in the building-materials trading sector, headquartered in Kranichfeld, Thuringia. Its core business is the acquisition, holding, management and disposal of participations. Before its insolvency in 2002, the company was regarded as the largest building-materials dealer in East Germany. Its shares trade in the General Standard segment of the Frankfurt Stock Exchange and the company is included in the CDAX index. The company states it was founded on 12 December 1994 and was first entered in the commercial register at the Jena district court on 13 February 1995. It went public on the Frankfurt Stock Exchange on 25 August 1995 and was admitted to the Neuer Markt in 1998. In its IPO year 1995 it generated revenue of DM 275 million. By 1997, with 1,015 employees, revenue reached around DM 700 million, and in 1998 it reported revenue of DM 980 million. At the start of 2000 it acquired the trading house H. Overesch & Co. KG, headquartered in Herne, including 110 employees. For 2000, revenue of over DM 1.38 billion was reported. In 2001, the company recorded revenue declines for the first time since its IPO and reported a loss of around EUR 59 million for the first nine months. At the end of 2001, the banks granted a loan deferral until the end of April 2002. In April 2002 an insolvency petition was filed and insolvency proceedings were opened in early July 2002. At the time of the filing, Mühl AG had 1,230 employees. The insolvency administrators intended to preserve 630 jobs and to qualify the remaining 600 for the labour market through employment companies. In 2005 the public prosecutor's office in Mühlhausen investigated eleven former board members of Mühl AG on suspicion of fraudulent bankruptcy. In 2010 the proceedings against former CEO Thomas Wolf were discontinued after a monetary payment. In November 2015 the company was repositioned as a holding company. In mid-2016 an insolvency plan for restructuring was submitted, under which Thomas Wolf undertook to pay EUR 500,000 into the insolvency estate. After the creditors' meeting approved the plan in December 2016, the insolvency proceedings were lifted in November 2017 and Mühl AG was able to continue its business activities. After the conclusion of the insolvency proceedings, the company recorded a book restructuring gain of around EUR 203 million. This resulted in tax obligations of around EUR 58 million, which were however waived by the Jena tax office, since the company would otherwise have fallen into insolvency again.

Mühl Product & Service AG was founded on 12 December 1994, according to the company's own statement, and was first entered in the commercial register at the Jena district court on 13 February 1995. It went public on the Frankfurt Stock Exchange on 25 August 1995 and was admitted to the Neuer Markt in 1998. In its IPO year 1995, the company generated revenue of DM 275 million. By the 1997 financial year, with 1,015 employees, Mühl AG achieved revenue of around DM 700 million. In the 1998 financial year, revenue of DM 980 million was reported. At the beginning of 2000, the trading house H. Overesch & Co. KG, headquartered in Herne, was acquired together with 110 employees. For the year 2000, revenue of over DM 1.38 billion was generated. In 2001, revenue declines were recorded for the first time since the IPO, and a loss of around EUR 59 million was already reported for the first nine months. At the end of 2001, the banks granted the company a loan deferral until the end of April 2002. In April 2002, an insolvency petition was filed, and insolvency proceedings were opened in early July 2002. At the time of the insolvency petition, Mühl AG had 1,230 employees. The insolvency administrators' intention was to preserve 630 jobs and to qualify the remaining 600 for the labour market through employment companies. In 2005, the public prosecutor's office in Mühlhausen investigated eleven former board members of Mühl AG for fraudulent bankruptcy. In 2010, the proceedings against former CEO Thomas Wolf were discontinued after a monetary payment. In November 2015, the company was repositioned as a holding company. In mid-2016, an insolvency plan for restructuring was submitted, according to which Thomas Wolf undertook to pay EUR 500,000 into the insolvency estate. After the creditors' meeting approved the plan in December 2016, the insolvency proceedings were lifted in November 2017, and Mühl AG was able to continue its business activities. After the conclusion of the insolvency proceedings, a book restructuring gain of around EUR 203 million arose at the company. This resulted in tax obligations of around EUR 58 million, which were however waived by the Jena tax office, since the company would otherwise have fallen into insolvency again.

• Company founded according to its own statement.

• First entry in the commercial register at the Jena district court.

• IPO on the Frankfurt Stock Exchange.

• Admission to the Neuer Markt.

• Acquisition of H. Overesch & Co. KG including 110 employees.

• Insolvency petition filed.

• Insolvency proceedings opened.

• Public prosecutor's office in Mühlhausen investigates eleven former board members for fraudulent bankruptcy.

• Proceedings against former CEO Thomas Wolf discontinued after a monetary payment.

• Company repositioned as a holding company.

• Creditors' meeting approves the insolvency plan.

• Insolvency proceedings lifted; company continues business activities.

Formerly East Germany's largest building-materials dealer; now a listed investment holding company.

Product categories. Building materials trading · Investment holding services

1. 1Mühl Product & Service – Wikipediade.wikipedia.org
2. 2Mühl Product & Service – Wikidatawikidata.org