The measures take into account the group’s site-related set-up, its new strategy and the current strained balance sheet situation. The board of directors and group management intend to concentrate production at the Sulgen site by the end of 2023. The headquarters and administration will remain in Hochdorf. The proceeds from the planned sale of the land and building in Hochdorf will relieve the balance sheet.
In recent quarters, Hochdorf said it has succeeded in stabilizing its operating business and selling or closing some assets of the business. Nevertheless, the group continues to suffer from an excessive debt burden of approximately CHF 100m/$109.4m (excluding hybrid bond of CHF 125m/$136.8m), which is attributable to the forward st…
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