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Termisil Huta Szkła Wołomin SA

Status: Pending
Court: District Court for the Capital City of Warsaw in Warsaw

Dear Sirs,

Pursuant to the Decision of the District Court for the Capital City of Warsaw in Warsaw, 10th Commercial Division for Bankruptcy and Restructuring of 26 July 2016, a sanation proceeding was opened for TERMISIL HUTA SZKŁA WOŁOMIN S.A. with its seat in Wolomin (hereinafter: the “Company”). Zimmerman Filipiak Restrukturyzacja S.A. was appointed the administrator in the proceeding. Monika Gajdzińska-Sudomir, District Court Judge holds the position of the judge-commissioner. The case was assigned the file No. X GR 36/16.

As of the date on which the Court rendered the above decision, the Company lost its right to management of and the right to use the assets included in the sanation assets and to use and dispose of them. However, the opening of the sanation proceedings does not adversely affect the operations of Termisil Huta Szkła

Wołomin S.A. As of 26 July 2016, the administrator will continue the Company’s business, perform contracts and enter into new contracts. Pursuant to Articles 230 and 313.1 of the Restructuring Law, within 30 days as of the opening of the sanation proceeding, the administrator will submit a record of claims and a restructuring scheme to the judge-commissioner.

At the same time, the Administrator points out that all claims for the period before 26 July 2016 (taking the statutory exclusions into consideration) will be satisfied under the terms and condition of the arrangement through a vote by the creditors on the arrangement in the sanation proceeding.

In any matters pertaining to the course of the restructuring proceeding, the administrator contacts the creditors via e-mail. Please send any correspondence to the following address: termisil@zfrsa.pl




Information for the creditors of Termisil Huta Szkła Wołomin SA on the status of the proceedings


Information is available HERE.


Information on the search for an investor for TERMISIL S.A.


TERMISIL Huta Szkła Wołomin S.A. w restrukturyzacji (hereinafter: the “Company”) is one of the few manufacturer of kitchenware made of borosilicate glass in Europe. The offer of the Company includes: dishes for banking and storing food, jugs and glasses.

The Company’s products are known in over 60 countries around the world. Over 80% of revenues are generated by the sale under the own brand TERMISIL. The brand is also know on the demanding markets of Europe, the Middle East and the Far East.

The Company has been conducting reorganisation processes for a couple of years.

The District Court for the Capital City of Warsaw in Warsaw, 10th Commercial Division for Bankruptcy and Restructuring decided in camera on 26 July 2016 to open a sanation proceeding for the Company. The Court appointed Zimmerman Filipiak Restrukturyzacja Spółka Akcyjna as the administrator for the Company (hereinafter: “Administrator”).

The objective of the proceeding is to ensure the operation of the Company in the long term, after writing off its debts.

On 25 August, the Administrator submitted the restructuring scheme for the Company in the District Court. The key element of the scheme is the assumption that a new investor(s) will appear in the Company. Consequently, the Company started the process of acquiring potential investors.

We ask any persons or business interested in potential investment in the Company to contact the Managing Director of the Company Mr Radosław Rogacki (rrogacki@termisil.com) to obtain detailed information on the basis of signed confidentiality documents.

We encourage you to read the attached profile of the Company. http://zimmermanfilipiak.pl/assets/files/Presentation TERMISIL.pdf