French glass producer Holophane has issued a call for buyers after it was placed into receivership last month.
For more than a century Holophane, based in the town of Andelys, in the Eure department, has produced glass for fog lamps and automotive lighting.
Approximately 90% of its production is exported.
Unfortunately, due to a tripling of energy costs, the company had to make a painful decision.
Its owner, the investment fund, AIAC (American Industrial Acquisition Corporation), put the company up for sale.
“Over the past three years, the demand for glass in automotive lighting has been greatly reduced in favour of plastic, which promotes lighter vehicles,” management said.
Officially placed in receivership on November 2, 2022, the company must now find a buyer before Monday, December 12.
Possible buyers should contact the services of the CCI which accompany the management of the company, or to approach directly the judicial administrator, Maître Philippe Bleriot,
The company employs 240 people, its 80t/day melting furnace was only renovated in July this year while turnover its turnover has decreased from €39 million in 2019 to €26.5 million in 2022.
A call for tenders says that "the tenders, drawn up in accordance with the terms of articles L 642-1 of the Commercial Code, must be deposited with the judicial administrator in eight copies no later than Monday, December 12, 2022 at 12:00 noon."
Any interested buyers should contact:
Maître Philippe Bleriot
SELARL Bleriot & Associés
26, Chemin de la Madeleine
93 000 Bobigny