Croatian Investor Takes over Traditional Company ADA Möbelwerke After Insolvency

Kurier

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After bankruptcy in March, the Styrian furniture manufacturer will be continued as an independent brand. New production in Austria will be tested.

www.kleinezeitung.at

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Prima Grupa, Croatia's largest furniture company, takes over the insolvent furniture factory ADA. The brand is to be preserved. It will also be checked whether production is again in Styria.

nachrichten.at

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ANGER/ZAGREB. Croatian furniture manufacturer Renato Radic takes over the entire ADA Möbelwerke Holding AG 100 percent as an investor.

StartItUp.sk

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After 150 years, this popular company files for bankruptcy: Traditional company sends 100 jobs into uncertainty.