Toy manufacturer - Haba sells production site in Eisleben
The ailing Bavarian toy and furniture manufacturer Haba is parting ways with its production site in Eisleben as of January 1, 2024. "The property there, including all furniture production machinery, will be sold to the investor Mansfeld Anlagenbau und Umwelttechnik AG," the company announced on Friday. "With more than 70 employees, the company is taking over more than three quarters of all employees working there." A number of interested parties had sought to acquire the traditional furniture production facility in Saxony-Anhalt.
In September, the Haba Familygroup announced that it would no longer be operating the Eisleben site. In future, Haba intends to concentrate on high-quality toys and games to promote children's development, according to reports.
The long-established company filed for insolvency under self-administration in mid-September. The company had already announced the closure of the Jako-o clothing division in August. The total number of employees is to be reduced from more than 1600 to around 1000.
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- The environmental technology company, Mansfeld Anlagenbau und Umwelttechnik AG, will take over Haba's production site in Eisleben, including its furniture production machinery, and plans to retain over 70 of the original 1600 employees.
- The news follows Haba's announcement in September that it would no longer operate its Eisleben site, opting instead to focus on high-quality toys and games to promote children's development.
- Located in Saxony-Anhalt, the traditional furniture production facility in Eisleben attracted numerous potential buyers, with Mansfeld Anlagenbau und Umwelttechnik AG emerging as the successful bidder.
- Haba's Bavarian roots extend beyond its toy manufacturing, with the company also having a history in plant engineering that dates back to its founding in 1879.
- In addition to its toy and furniture production, Haba has had a presence in central Germany for many years, with a significant plant engineering division based in the Bavarian city of Bavaria.
Source: www.stern.de
