German kitchen manufacturer Neue Alno Gmbh has announced that it is to finally close its doors, with all existing orders to be processed and operations to cease by the end of September.
The company went into self administration at the beginning of July, with Neue Alno joint CEOs Jochen Braun, pictured left, and Michael Springer, right, remaining in their positions as the company sought to continue the investor process that it first initiated in April this year.
"Despite a broad approach to potential investors, unfortunately no investor could be found who would continue the operational business of the companies," said Braun. The number of job losses is expected to be significant as Neue Alno is estimated to currently have more than 200 employees at its Pfullendorf site.
The company was originally founded in 1927 when carpenter Albert Northdurft opened a wood-working workshop. Alno Mobelwerke Gmbh was created in 1958 when the business moved to Pfullendorf, then expanded into other European countries, and entered the UK market in 1974. At the height of its success the business is reported to have had around 1,600 employees.
But the once thriving company's recent history has been troubled, and in 2017 Alno AG fell into administration after debts spiralled and it failed to secure a buyer. Following the acquisition of Alno assets by investment firm Riverrock, Neue Alno was formed in 2018, and efforts made to re-establish the brand.