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New life for Brandt: Metavisio-Thomson is planning an impressive return!
Celle: Stephan Français plans to take over the Brandt location in Saint-Jean-de-la-Ruelle after liquidation in order to secure 150 jobs.
New life for Brandt: Metavisio-Thomson is planning an impressive return!
In recent weeks, the situation surrounding the Brandt site in Saint-Jean-de-la-Ruelle, France, has made headlines. After the announcement of the Liquidation judiciaire of the company on December 11th, Stephan Français, CEO of Metavisio-Thomson Computing, shows great interest in taking over the location. His plan is to restart production by February next year, taking on 150 of the 300 employees.
Français announced that with an investment volume of 25 million euros he not only wants to secure employee wages, but also wants to address the challenges in the service area as well as orders and cancellations. Only recently the liquidator brought the decision on the suitable buyer to the table and the takeover could soon become a reality.
Liquidation and its opportunities
As we know, over 40,000 companies face liquidation every year in France. This sad number is due to the Liquidation judiciaire conditional, under which companies that are insolvent and cannot be restructured can sell their assets. What is interesting is that when purchasing using this method, the debts of the original company are usually not assumed, which represents an attractive deal for potential buyers.
The requirements for the takeover should not be underestimated. A court examines the offers based on the criteria of operational viability, job preservation and the ability to compensate creditors. The takeover itself can mean not only the continuation of the activity, but also the preservation of jobs and stability for the regional markets.
A critical look at corporate damage
The current economic situation in France is anything but rosy. In 2024 were 67,830 corporate bankruptcies recorded, representing an alarming 17% increase compared to the previous year. Small and medium-sized companies are particularly affected, as they suffer greatly from economic uncertainty and rising interest rates. The development is particularly worrying in the wholesale, manufacturing and transport sectors.
The difficulties faced by companies not only affect the companies affected, but also the local economy, as many employees could lose their jobs. It is particularly evident that during the COVID-19 crisis, many companies were dependent on government aid, which is now no longer available. The takeover offers and buybacks during a liquidation can therefore be seen as a kind of bright spot in these dark times.
Stephan Français remains optimistic and hopes that his takeover will be approved. If this plan works, it could not only secure jobs, but also help stabilize the regional economy. The coming weeks will be crucial, both for the employees at the Brandt location and for the future of the company.