Paratrooper badge or Fallschirmschützenabzeichen marked B&NL

Textbook Paratrooper badge or Fallschirmschützenabzeichen marked B&NL indicating production by Berg & Nolte AG. The badge retains its original hinge, pin and catch which have been period soldered to the piece which was common with damaged badges. The badge is in excellent condition and would be hard to upgrade!