No takeover bid was presented, judicial liquidation at sight

It’s the cold shower. No offer has been submitted for the acquisition of the Poitou “Alu” foundry, automotive subcontractor with 300 employees in Vienne, which is moving closer to forced liquidation according to a union source. “This Monday at 5:00 p.m., the deadline set by the commercial court of Paris, no buyer has come forward,” said Jean-Philippe Juin, CGT union representative and spokesperson for the inter-union CGT/CFE-CGC.

The destination of the Ingrandes-sur-Vienne site, north of Châtellerault, which manufactures essential aluminum cylinder heads for its only customer, Renault, It will be set on Wednesday during a meeting between the judicial administrators, the State, the construction company and the unions. “It can go very fast. If the administrators file a motion in favor of liquidation, the court will be obliged to organize a hearing within three weeks,” said Jean-Philippe Juin. A strike by factory workers is also scheduled for Wednesday.

The visit of a possible buyer is still maintained

Two companies, the Italian group RJ SRL, a manufacturer of machines in the heavy market, and the Orleans Sifa Technologies foundry have expressed interest, but it remains “very low”, according to the union representative. A visit is scheduled for next week to present the site. «On essaie de garder espoir tant que l’usine n’est pas fermée», assured Jean-Philippe Juin, who regretted for ailleurs that «the question of the reindustrialisation of France» is not in the heart of the debates of the ‘presidential election.

The subcontractor, in receivership, had obtained two reprieves from the court last October and January to find a buyer, each time without success. For its part, the Renault group has committed in writing to support the volumes of the factory until February 2023, if no buyer appears, and until 2025 in the event of a takeover bid. A subsidiary of the Alvance group of the Indo-British Sanjeev Gupta, the Fonderie du Poitou Alu has been experiencing difficulties for several years. The adjoining Fonderie du Poitou Fonte factory, which produced diesel crankcases for Renault, closed its doors this summer.

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