An Austrian kitchen manufacturer has filed for insolvency at the Linz Regional Court, aiming to continue operations through restructuring. Creditors have been offered a plan with a 20% payout within two years.
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Founded in 1930 as a small carpentry shop, Haka Küche became a leading producer of custom-made fitted kitchens from the late 1960s. Based in Traun, the company expanded in 2016 with a new headquarters and industrial park. In 2023, it acquired Villeroy & Boch's Mondsee site, employing around 80 people. According to Haka, this takeover strained finances due to obligations such as employee entitlements, severance payments, and ongoing supply commitments, which restricted its own production capacity.
The company has also suffered from falling demand in the furniture and kitchen sectors since the pandemic. Employee wages were covered until June 2025. Attorney Dr Peter Shamiyeh has been appointed insolvency administrator, with key creditor meetings scheduled for October and a vote on the restructuring plan set for 28 November 2025.
Haka's restructuring concept focuses on cost-cutting, continuation of operations, and recovery of receivables. The feasibility of this plan will be evaluated before decisions on the company's future are made.
Source: www.moebelmarkt.de
