Austria’s Kalnai Sports Applies for insolvency
GÖTZENS, Austria – Kalnai Sports GmbH – SRAM’s exclusive distributor for Austria – applied for insolvency on October 31. This is announced by the national creditor protection association AKV Europa.
According to AKV the Innsbruck based lawyer Dr. Wolfgang Offer has been appointed receiver. A first detailed examination hearing and possible recovery plan is said to be ready on December 13.
Premium brands distributor
Kalnai Sports is foremost known as SRAM’s exclusive Austrian distributor. Next to all SRAM brands Kalnai is also distributing other premium brands like Argon, Garmin, Geax/Vittoria, Saris and Syntace.
Kalnai shareholder and GM Edwin Naberhuis knows SRAM like the back of his hand. Before moving to Austria and creating together with Kristina Jasiunaite Kalnai Sports both worked for SRAM Europe in The Netherlands. Since Jasiunaite became European GM of the non-profit organization World Bicycle Relief (WBR) in April 2013 Naberhuis is the sole GM of Kalnai.
Reasons for insolvency
There are no specific reasons named in the insolvency application by Kalnai Sports apart from a total debt of € 1.2 million recorded in the company’s 2012 fiscal year.