In the 20th century the abbey established a viable economy based on a glass works, school, cheese manufacturing and other enterprises.

The abbey is open to visitors, who may take tours, attend workshops and dine at the monastery restaurant.

The convent of Aula Beatae Virginis (Hall of the Blessed Virgin) was established in 1355 by Eberhard von Wallsee, governor of Upper Austria, in a castle that he owned.

This cloyster was erected in the year 1355, and is possessed of the citadels of Mossenbach, Hochhaus near Forchdorf, and Grub or Muhlgrub.

"[3] The Schöne Madonna sculpture held by the abbey was made for Albrecht II (the Lame) around 1340 and donated to the nuns.

[2] In the 1570s the abandoned convent's properties were being profitably administered by the governor of Upper Austria, Dietmar, Lord of Losenstein.

[2] The plans for the abbey's new church were supplied by Pietro Francesco Carlone, and the work was executed by his sons.

There were various upheavals over the years, with some books placed in storage and later lost, before the Abbey library was restored in 1974-75 and the collection again organized.

[6] The abbey went into decline when Joseph II, Holy Roman Emperor (1765–1790) implemented his enlightened reforms, known as Josephinism.

The Cistercians follow the Rule of Saint Benedict, with its motto of Ora et Labora (pray and work).