Restructuring Plan of Insolvent Chocolate Manufacturer Hauswirth Accepted

The creditors of the chocolate and confectionery company Franz Hauswirth Ges.m.b.H. based in Kittsee (district of Neusiedl am See) accepted the company's restructuring plan on Monday, which had become insolvent in November 2024. They will receive a quota of 20 percent, reported the creditor protection associations AKV Europa and KSV1870. A total of 192 creditors have registered claims amounting to around 10 million euros, of which 5.12 million euros were recognized.

The 20 percent restructuring plan quota will be paid in two installments. According to the creditor protection associations, a cash quota of ten percent is already held in trust by the insolvency administrator and should be distributed to the creditors as soon as possible. Another ten percent is due by July 31.

Increased Costs and Corona Pandemic Drove Chocolate Manufacturer into Insolvency

Hauswirth produces and distributes chocolate products and sweets. The company justified its insolvency in November with increased costs for the purchase of raw materials, energy and labor costs, as well as sales declines due to the Corona pandemic. 119 employees are employed in the company.

"Exploring New Markets": Landgarten Takes Over Insolvent Chocolate Manufacturer

The Lower Austrian organic snack manufacturer Landgarten, based in Bruck an der Leitha, is now set to take over Hauswirth. Landgarten founder Herbert Stava stated in a press release that the takeover offers his company the opportunity to "further develop our range, focus on Hauswirth's factory sales, and explore new markets." A main focus should be on sustainability.

(APA/Red)

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