LRP closes its doors
In what is a shock news, LRP have announced the closure of their business effective March 31st. The iconic manufacturer and distributor went into insolvency some time ago but the search for an investor did not had a positive outcome which now results in LRP going out of business soon. According to LRP’s own Jürgen Lautenbach he is planning to go ahead with the LRP brand with new structures in the future.
I regret to inform you that our promising investor process finally did not have a positive outcome, which results in the closure of LRP electronic GmbH on March 31st, 2018. Until then, business operations will continue normally with the existing workforce.
Read the announcement in full here