In the judicial liquidation, on January 4th, the trolley manufacturer is sold to the family group Check, active in transport and industrial services.
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The manufacturer of caddy supermarket trolleys finally found, after a collective bondage procedure. The commercial chamber of the Saverne Court (Bas-Rhin) has indeed accepted Tuesday, March 22, the offer of recovery by the Nordist group check. Active in exceptional transportation and industrial services, the latter has distinguished itself in the past in several times of companies, from the small stone cannery to the Calais laces. The name of caddie, the uniqueness of the Alsatian plant and the skills of its employees convinced it to join the project initially developed by the CEO of Caddie, Stéphane Dedeu.
The new CADDIE SAS company thus resumes the assets of Caddie France for an amount of 250 000 euros, as well as 113 employees on 139. Pascal check in is the majority shareholder, with 66% of the Units. It brings 495,000 euros of own funds, as well as 300,000 euros of common funds. The consortium led by Stéphane Dedieu, which brings together several suppliers from the trolley manufacturer, as well as the Italian distributor of the mark, brings 255,000 euros, for 34% of the capital.
The financial table tour is complemented by a recovery assistance from the Grand region is 4,000 euros per employee (a total of 452,000 euros) and a subsound loan from the state of 418 000 euros over six years. We are far from the 3.8 million euros announced by the former leader at the first hearing of the proceedings at the end of February. The buyers have failed to obtain a bank commitment on this file, outside a factoring contract of three million euros, negotiated in the last minute by Pascal check to cover the needs in working capital of the ‘business. As a result, the recovery project has been revised downwards: the extension of the plant originally planned in the first year was postponed to 2023, and the stock forecasts were reduced to one month, against two previously.
“Decrease the number of references”
remains, now, to straighten the bar. “We will rewalk the productions that can be, like those of the trolleys for the hotel, today manufactured in Italy. We will also reduce the number of references to focus on those with the most applications. A factor. Key of the recovery will also be to pass the increase in production costs on selling prices, “says Pascal check.
On this last point, Caddy could paradoxically enjoy the current period, which makes price increases inevitable to customers. The manufacturer will also quickly change the general manager. “We need a management control expert, who masters the cost prices. It is on this point that the company was sinning. It will also be necessary to be a management expert, with regard to what Employees have lived in recent months, “says the contractor.
His predecessor, so much, does not fire. Stéphane Dedieu remains director of Caddie SAS. Above all, he keeps his commitments within the fifteen companies of which he is a director or even CEO. And which, for many of them, gravitate within the Galaxy Caddie, as providers or suppliers.