Insolvent after 130 years: German confectionery manufacturer before the end
Created: 05/10/2022 13:57
By: Kilian Bäuml
The well-known confectionery manufacturer Bodeta files for bankruptcy.
Most know him for his popular eucalyptus candies.
Kassel - The confectionery manufacturer Bodeta is particularly well-known for its sweets, mostly for the eucalyptus variety in green packaging.
The company is now filing for bankruptcy after 130 years.
The traditional manufacturer justifies the insolvency with the rising prices.
The price of sugar alone, the main ingredient in most sweets, has doubled.
After 130 years: the popular manufacturer Bodeta files for bankruptcy
Bodeta was founded in 1892 in Ochersleben with the company name "Becker & Schmidt".
In GDR times, the company belonged to the VEB confectionery combine based in Halle and was taken over in 1992 by the Swiss company Idawisa-Holding.
The company is one of the largest confectionery manufacturers in Saxony-Anhalt.
The manufacturer is best known for its various sweets.
Apart from that, the range also includes Easter specialties and dragées.
The red raspberry sweets are considered a classic among East German sweets.
Probably the best-known variety is the eucalyptus sweets "Euka Menthol" in the green packaging.
Popular confectionery manufacturer files for bankruptcy - these are the reasons
Lucas Flüther, provisional administrator, told the
Mitteldeutsche Zeitung
: "The company can no longer cope with the rising energy and raw material costs".
In addition to the increased energy costs, the price of sugar alone has doubled.
The price of glucose has even tripled.
The costs for packaging materials have also risen sharply.
Another cost item for the manufacturer is the new minimum wage that the company will have to pay to its more than 100 employees from October.
The Easter sugar eggs were a specialty of Bodeta.
(symbol image) © imago stock&people
A spokesman says that the management has already taken steps to finance the next salaries of the employees.
It is said that all employees have been notified and that the next salaries are secured by the Federal Employment Agency.
According to Bodeta, it is one of the largest employers in its region.
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"Bodeta needs a strong partner with whom we can set up the company for the future together," says Managing Director Markus Letsch.
It is an insolvency procedure under self-administration, in these cases the management remains responsible for the time being and operations continue despite the insolvency.
(Kilian Baeuml)
