Odenwald chemistry: New investor secures 300 jobs in Neckarsteinach!

Odenwald chemistry: New investor secures 300 jobs in Neckarsteinach!

Neckarsteinach, Deutschland - Odenwald-Chemie, an established provider of PUR foam systems, has found a new investor who offers the company a perspective for the future. As Kunststoffweb is reported Tactical Opportunities take over business operations from July 1, 2025. This ends a difficult chapter for the company that had to open insolvency proceedings a year and a half ago.

The insolvency proceedings, which was initiated on February 1, 2024, questioned the future of the company. Thanks to the support of employees, the works council and a number of continuation agreements with significant customers from the automotive industry, Odenwald-Chemistry was able to maintain the operation without restrictions and has achieved sales of over 70 million euros since the start of the procedure. Insolvency administrator Marc Schmidt-Thieme from the Hoefer / Schmidt-Thieme law firm particularly emphasizes this commitment, as it contributed decisively to the company's continued existence.

rescue by ECP Tactical Opportunities

The takeover by ECP Tactical Opportunities is newly noted on the market. So Odenwald-Chemie is renamed in Odenwald. Around 300 of the originally 400 jobs at the headquarters in Neckarsteinach and the Czech subsidiary remain. This is an important step to secure the existing employees and to stabilize the company sustainably.

Odenwald-Chemie is known for its products in the field of sealing and insulation materials, which are mainly used in the automotive industry. In view of the growing demand for products for e-mobility as well as in the construction and general industry, the importance of the company in the current market environment is shown. The financial imbalance occurred at the end of 2023 when Odenwald-Chemie came under pressure due to a break-in in automotive production and increasing costs. The Indat note that the experience of ECP Tactical Opportunities in corporate renovations, such as at SG Automotive D.O.O., represents additional security for the realignment of the company.

Due to the regained stability, Odenwald-Chemistry has not only mastered the challenges of recent years, but also created a prospect of future growth. The new strategic orientation and focus on innovative products are factors that strengthen the company's competitiveness and improve its market positioning. Nevertheless, it remains a task for employees and management to deal with the upcoming challenges.

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OrtNeckarsteinach, Deutschland
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