Fibre Excellence: Three-Month Extension for Saint-Gaudens Plant, Tarascon Safety Measures Still Under Discussion
The Toulouse Commercial Court has postponed to December 15 the deadline before potential judicial liquidation of France's largest pulp manufacturer, to allow a group of potential buyers time to refine their offer.
The Toulouse Commercial Court has granted Fibre Excellence, France's largest pulp manufacturer, a new three-month reprieve before possible judicial liquidation, according to Le Monde. This decision pushes the deadline to December 15.
This additional extension aims, according to the newspaper, to allow a group of potential buyers to refine their offer for the takeover of the group, which notably operates a site in Saint-Gaudens, in Haute-Garonne.
Le Monde also notes that the question of safety measures for the Tarascon plant, in Bouches-du-Rhône, continues to be the subject of a "dispute," although the details of this contentious issue are not further clarified in the available excerpt of the article.
Fibre Excellence, whose industrial future remains uncertain, employs several hundred workers spread across its various production sites. The outcome of the proceedings before the Toulouse Commercial Court, now expected in December, will determine the fate of the company and its jobs.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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