The parties involved – including the insolvency administration team from KKN Law, Heidemann Küthe Attorneys, starkpartners consulting, and Gemba Partner – quickly worked out a viable solution. Throughout the international M&A process, the management consultancies supported the buyer both strategically and operationally.
New name: KUTLUK TEUTOGUSS GmbH
As part of this process, Teutoguss GmbH will operate under the new name KUTLUK TEUTOGUSS GmbH. The name change is intended to emphasize the company's international orientation. The Kutluk Group was founded at the beginning of the year to offer all available services under one umbrella brand. The Kutluk Group's board members are brothers Mehmet Kutluk and Melih Kutluk, who also serves as managing director of Kutluk Teutoguss GmbH.
As reported by the Turkish business newspaper ekonomigazetisi.com, board member Mehmet Kutluk explained that this acquisition will support the group's export targets. In addition, this step will significantly strengthen brand awareness.
The merger is intended not only to secure the future of the Teutoguss site, but also to provide access to modern know-how, expanded production capabilities, and a strong international network. The Kutluk Group is investing specifically in forward-looking technologies—including 3D sand printing, modern machining centers, and process optimization—thus sending a clear signal for the long-term preservation and further development of the company.
According to Kutluk Teutoguss, this step marks an important milestone in the company's history and forms the basis for sustainable growth in international competition. Investments are planned for the next three years, particularly in building infrastructure, sustainable energy projects (SPP), and production processes.
Gemba Partner will continue to support Kutluk Teutoguss as part of a growth-oriented restructuring strategy. The focus will be on strategy development, financial modeling, controlling, investment planning, operational excellence (OPEX), and practical turnaround measures.
Foundry-Planet will report separately on further developments and planned measures.
About Kutluk Teutoguss GmbH
Founded in 1806, Kutluk Teutoguss now manufactures high-quality castings for industrial companies throughout Europe using modern production facilities. Its customers include manufacturers of marine gearboxes, pumps, machine tools, construction machinery, wind turbines, printing machines, and companies in the general mechanical engineering sector.
About Kutluk Döküm Group and Kutluk Group
The internationally active Kutluk Dökum Group is a Turkey-based foundry group with many years of experience in the production of gray and ductile cast iron, steel castings, and aluminum castings using manual molding and aluminum die casting. The Kutluk Group was founded at the beginning of the year to bundle all available services under one umbrella brand.
