Industry consolidation, economic pressures and a decline in orders from within the food trade are understood to have been major contributory factors leading to the failure of Austrian fruit and vegetable wholesaler Zeilberger fruit-service, which was declared bankrupt last week.
Zeilberger, which runs a packaging and distribution facility alongside its head office in the northern Austrian city of Wels, plus a subsidiary operation in the capital Vienna, has called in a third-party administrator and initiated an urgent restructuring process that will decide the future of its 48 employees and 220 affected creditors, according to a report in Fruchthandel Magazine.
According to credit protection association KSV1870, the group currently has liab…
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