- aluminium,
- magnesium,
- heavy metal,
- grey cast iron and nodular cast iron and
- chill castings
with approx. 100 employees in its medium-sized business. Thanks to the motivation of the employees and the extraordinary flexible orientation of the machinery and plants for the
- production model making,
- the foundry and
- the mechanical processing,
we are able to meet your requirements of a complex casting in the requested quality with shortest delivery times.
Data consistency from the preparation of quotes to the mechanically processed finished part is as natural as a certified quality management system.
We are able to implement demanding components on highest level by the use of state-to-the-art technology in connection with the technical experience of our long-time employees.
In our company you find people who know their job as well as the latest technologies.
Tradition and technology merge to a quality which meets your requirements.
| Jürgen Dreyer | Wilhelm Funke | Sascha Festing |
| Managing Director | Managing Director | Managing Director |
Creditors Approve Rescue Plan for Metal Foundry Funke – Insolvency Proceedings Near Completion
The concept presented by insolvency administrator Ingo Thurm received majority approval at Tuesday’s creditors’ meeting. In addition, two senior managers of the Röllinghausen-based company, Sascha Festing and Jan Kaste, will join as shareholders.By Tarek Abu Ajamieh
The continued existence of the metal foundry Funke is secured. On Tuesday, the creditors’ meeting approved the insolvency plan submitted by insolvency administrator Ingo Thurm (Pluta law firm, Hanover). This means that the insolvency proceedings, which have been ongoing for just over a year, can soon be lifted. The company will then stand on its own again, and the administrator will withdraw.
The creditors’ approval is “a strong signal of confidence and the decisive step toward a fresh start,” Thurm explained. “After the court confirms the plan, the insolvency proceedings can be concluded promptly. This creates legal certainty, clear structures, and the foundation for the long-term continuation of business operations outside the insolvency process,” Thurm added on Tuesday. The insolvency proceedings will continue as scheduled before they can likely be lifted at the end of February 2026. The decision lies with the Hildesheim District Court, which is responsible for this case.
Metal Foundry Funke filed for insolvency in October 2024. Thurm initially searched for new owners and had progressed quite far in discussions with potential investors, but no takeover materialized. As a result, the insolvency administrator developed an alternative proposal that effectively involved a debt cut by the creditors for Funke.
What helped was that Thurm had continued operating the company for over a year during the insolvency. The business was running at full speed, the company was able to secure orders and generate revenue. Over the course of the insolvency, a total of 24 employees left the company. Thurm emphasized once again that he had not issued any redundancies for operational reasons.
However, the ownership structure of Metal Foundry Funke is now changing. Wilhelm Funke and Jürgen Dreyer will remain shareholders. Birgit Bredthauer, however, is stepping back. In return, two long-standing senior managers of the company, Sascha Festing—already the third managing director alongside Funke and Dreyer—and Jan Kaste, will join as additional shareholders. Kaste originally trained as a model maker at Funke and worked his way up within the company.
“With the new shareholder structure, the company is well positioned to successfully continue on the path it has recently taken,” emphasized the soon‑to‑depart insolvency administrator Thurm. As previously reported, Funke is reducing its dependence on the automotive industry and increasingly securing orders from other sectors.
A central element of the future strategy within the insolvency plan is the strategic diversification of the business model to broaden and stabilize the company. To achieve this, existing business areas and fields of activity will be expanded, for example in the fields of aerospace technology and defense.
