(Background; It is no secret that Europe in general and Germany in particular have struggled recently for a number of reasons including very high energy pricing. This turmoil has effected captive and commercial heat treaters and industry suppliers-"ELIOG", mentioned here is one such casualty. Recently the company had annual sales of approximately 8 million Euros-roughly $9 million USD).

"ELIOG Industrieofenbau Reorganizes Under Self-Administered Insolvency
May 8, 2026

• Continuing business operations with 74 employees, preserving the company's substance, advancing and implementing a restructuring plan
• Customers reducing or postponing planned orders
• Dirk Eichelbaum of dhmp Restrukturierung appointed as authorized representative, Dr. Nicolai Fischer of White & Case appointed as preliminary insolvency monitor

Römhild / Meiningen, May 8, 2026"Stefan G. Mairiedl, restructuring managing director of ELIOG Industrieofenbau GmbH since April 2026, has filed an application with the competent local court in Meiningen to initiate self-administered insolvency proceedings. The court approved the application and appointed Dr. Nicolai Fischer of White & Case as preliminary insolvency monitor.

"ELIOG Industrieofenbau is exemplary of the specialized mechanical engineering sector in eastern and central Germany: technically sophisticated, internationally active, and shaped by its medium-sized business structure," explains Dirk Eichelbaum of dhmp Restrukturierung. He is supporting the company as authorized representative. "The objective of the proceedings is to preserve the substance of the company, advance a restructuring plan, and implement it wherever possible with the active support of an investor."
"The application was necessary because the company will foreseeably be unable to settle claims and due liabilities in full and on time," explains Managing Director Mairiedl. "Customers are engaged in intensive discussions, reducing planned orders or postponing them until 2027. At the same time, international price competition is intensifying. We are continuing normal business operations without restriction and, together with the preliminary insolvency monitor, are reviewing all options for maintaining stable cooperation with customers and partners."The wages and salaries of the company's 74 employees are secured through insolvency benefits up to and including June 2026."

About ELIOG Industrieofenbau; ELIOG Industrieofenbau GmbH, headquartered in Römhild, Thuringia, is a specialized provider of customized industrial furnaces and heat treatment systems. With nearly 80 employees, the company develops and manufactures individually designed thermal process solutions for demanding industrial applications, including the automotive and e-mobility industries, aerospace, metallurgy, plastics, glass, and electronics industries.

ELIOG's profile is defined by its high level of process and engineering expertise, a strong in-house manufacturing depth, and a consistent focus on customer-specific special solutions. This is complemented by long-term service capabilities and the ability to deliver complex systems, including automation, from a single source — a clear advantage in technology-driven niche markets.The company was founded in Düsseldorf in 1924 as a manufacturer of electric industrial furnaces. During the Second World War, operations were destroyed and relocated in 1943/44 to Römhild in what is now Thuringia. During the GDR era, the company operated under the name VEB Elektro-Industrieofen- und Gerätebau; following German reunification, it underwent administration by the Treuhand agency and subsequent privatization. A lasting turning point came with the acquisition by the family-owned Rupprecht Group beginning in 2011. Since then, ELIOG has focused on customized high-end systems and most recently generated an average annual turnover of around eight million euros."

ELIOG Industrieofenbau