Toys - 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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- Haba's decision to sell its environmental technology and plant engineering divisions, including the production site in Eisleben, to Mansfeld Anlagenbau und Umwelttechnik AG, will see the transfer of over 70 employees who work there.
- The new owners, Mansfeld Anlagenbau und Umwelttechnik AG, are based in Bavaria, Germany, and specialize in plant engineering and environmental technology.
- Despite this sale, Haba intends to continue its operations in Eisleben, focusing on the production of high-quality toys and games, as it seeks to promote children's development.
- The closure of Haba's furniture production facility in Eisleben, located in Saxony-Anhalt, was announced by the Haba Familygroup in September.
- The decision to sell the production site in Eisleben comes as part of Haba's restructuring plans, which also include reducing its total workforce from over 1600 to around 1000 employees.
Source: www.stern.de
