Kettler, the German producer of sports and leisure equipment, filed for bankruptcy under its own administration at a court in Arnsberg yesterday. The family-owned company said in a press release that its operations would not be disrupted, and that the proceedings were necessary to avoid an unwanted takeover by a financial investor and to reorganize Kettler. The management's moves to restructure the company are to be supported by the trustee Christoph Schulte-Kaubrügger from White & Case and the chief restructuring officer Christian Krause. The company has yet to provide further details about the issues that led to the bankruptcy proceedings and its restructuring plans. Established in 1949, Kettler employs 1,100 people in Germany alone and describes itself as a leading European supplier of sports and leisure equipment.

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