Industry: Manufacturing Region: France Deal price: $1 million Deal Method: equity financing
Introduction to the
Activities: Manufacture and process aluminum injection parts and metal parts for major French and European automobile brands.
Details:
The company is recognized as Europe's leading expert in aluminum injection, aluminum parts processing and assembly.
Founded more than 70 years ago, the company has successfully developed into an important subcontractor in the French automobile metal parts manufacturing industry. The company, which has its own aluminum-casting equipment, can produce about 45 tons of auto metal parts a day and supplies more than 9,000 tons of parts a year to leading auto companies.
Customer areas: Well-known European automotive brands, including: BMW, Ford, Linamar, Nissan, Paulstra, Peugeot, Citroen, Renault.
Industrial area: western France near Geneva, Switzerland, the company has its own factories and offices.
Why the company is in trouble: Renault defaulted on a contract to buy hybrid engine housings and gearbox components, defaulted on 7 million euros in tax and Labour payments, and failed to secure a French government loan.
2018 turnover: more than 40 million euros
Employees: 260 employees