07 July, 2006

Hungary: Albadomu Malata Bt. bankruptcy procedures completed

Hungarian courts completed bankruptcy procedures of Albadomu Malata Bt. the week ended July 02, reports said.

The assets of the bankrupt company were sold to the French/Belgian Boortmalt group. According to the Hungarian press, it concerns primarily buildings and machines. Legal proceedings will take a bit longer, as InBev, the former owner of the Bocs malthouse, had a title on the factory in case of the new owners' bankruptcy, and must agree with the court's decision.

Albadomu Malata Bt. located in Dunaujvaros is an affiliate company of the Friedrich Weissheimer Malzfabrik Group. The Friedrich Weissheimer Malzfabrik was established in the year of 1864, in Andernach.

Boortmalt produces about 500,000 t malt in Belgium, France, Croatia and China.

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