Insolvency by Franz Hauswirth: Opportunities for confectionery production

Insolvency by Franz Hauswirth: Opportunities for confectionery production

The confectionery company Franz Hauswirth Ges.m.b.H., known for its coveted chocolate products, has filed for bankruptcy. This was announced on Tuesday by the creditor protection associations Creditreform and KSV1870. The company's location is located in Kittsee, a municipality in the Neusiedl am See district. There are currently 119 employees in the company.

The reasons for the bankruptcy are diverse. The company has heavily burdened increasing costs for raw materials, as well as rising energy and wage costs. The economic losses during Corona pandemic also contribute to the current situation. Despite the bankruptcy, there are plans to continue the company. Management plans to secure the continuation through existing bank credit and the incorporation of open claims.

creditors who have claims against the company can register them by February 3, 2025. An important date is already in: The first reporting and examination day statute will be specified for February 17th. The amount of the liabilities amounts to around 10.5 million euros, which underlines the difficulties of the company.

The situation around Franz Hauswirth Ges.m.b.H. shows how difficult the conditions in the confectionery market can be, especially in times of economic uncertainties. Further information on the current situation of the company can be found in detailed reports, such as on www.kleinezeitung.at .