130 employees are affected by the restructuring process.
The applicant is said to be a leader in Austria in the area of aluminum-glass post-transom facades. The product range includes aluminum doors and windows. In recent years, projects with element facades have also been realized. In the future, however, the focus will be on the post-and-beam facades again.
We are talking about mglass GmbH, based in Steyregg, Upper Austria. According to Creditreform, the company has submitted an application for restructuring proceedings without self-administration. It is represented by the renowned restructuring lawyer Wilhelm Deutschmann. The company was founded in 2007 and today employs 130 people and has liabilities of 32 million euros.
The background
The object of the company is the construction of glass facades and glass roofs in commercial construction. In 2021, incoming orders amounted to 87 million euros. From March 2021 to March 2022, the aluminum price increased by 100 percent. These costs could only be passed on to a limited extent.