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Your Mailing Technology Partner
Buhrs is the leading worldwide provider of mailing and fulfillment solutions. Buhrs develops, manufactures, sells and services systems for poly and paper wrapping, envelope inserting and fulfillment.Buhrs systems prepare media products such as magazines, newspapers, computer output, direct mailing products, books, videos, compact discs and credit cards for distribution.
Buhrs is partner to postal organisations, publishers, printers, binders, mailing houses, letter shops, banks, service bureaus, insurance companies, fulfillment companies and many other companies ranging from medium-sized to leading businesses.
With over 4,500 systems installed worldwide and four new installations per week, Buhrs is well established and proud of its reputation for quality and reliability.
Headquartered in Zaandam, Buhrs has a network of subsidiaries in the Netherlands, Germany, France, the United Kingdom, the United States of America, China and Japan as well as industry-qualified distributors to provide global coverage.
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Buhrs Mailing Solutions BV, Buhrs-ITM GmbH and Betron GmbH enter into insolvency
As part of a technical financial restructuring process Buhrs Mailing Solutions BV (holding company), Buhrs-ITM GmbH and Betron GmbH were brought into insolvency proceedings earlier this week.
During this phase, which is expected to take a couple of weeks, Buhrs will operate as much as possible under normal conditions. Buhrs is making every effort to avoid delays in delivery; we apologize for any delays that might occur.
Buhrs already introduced and implemented a global reorganization program that began in 2008 and has continued through 2010. This program has lead to significant fixed costs reductions (-40%) and made the company much more flexible. Buhrs currently employs around 250 people which is down significantly from a level of 360 people prior to the reorganization program. In 2008 and 2009 Buhrs generated substantial losses, but 2010 year-end forecast is profitable. Order intake YTD 2010 compared to same period last year is up 25%. Buhrs is in the process of strengthening the capital of the company and is in discussion with private equity firms.
Management of Buhrs Mailing Solutions BV is working closely together with the appointed administrator Mr. Moeijes in order to keep the process as efficient as possible on behalf of all stakeholders.
We do apologize for any inconvenience this might cause.
In case of questions, please contact your local representative or mail us at: restructuring@buhrs.com.
With best regards / Met vriendelijke groet,
| Joost van der Klooster | Michel Moeijes |
| Chief Executive Officer | Administrator |
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