French glazing company Riou Glass AIV has gone into receivership.
The group is based on an 11,000m2 facility in Fougères, Brittany and employs 53 people.
It blamed the impact of the Covid-19 pandemic as the reason.
A bankruptcy procedure was put in place on May 27, with the appointment of a court administrator.
It is accompanied by a six-month observation period which could be renewed.
The Fougères-based company was founded in 1964, and in 1998 merged with the Japanese company AGC (Asahi Glass Company) to form AGC-AIV.
The facility was acquired by the Riou Glass group in 2017. It was renamed AIV (Applications Industrielles de Verre), and then became Riou Glass AIV.
Its glazing solutions include products such as the CalorGlass heated glazing system.
It also specialises in the production of toughened glass, enamelled glass and screen-printed glazing products, as well as in precision cutting for the building and transportation sectors (buses, agricultural machinery, rail and maritime industries etc.).