Several years ago (as previously reported on
the Repro 101 Blog), Service Point Solutions purchased a 51% interest in
Reprotechnique. However, only a few
years after that, Reprotechnique’s business hit the skids, it filed for
bankruptcy reorganization, and, subsequent to that, Service Point Solutions
gave up its interest in Reprotechnique.
While some may think that Reprotechnique went
down for the count, that isn’t so. The
company is still in operation, after having gone through a reorganization and after
reforming as an “employee-managed / employee-owned business”. Below, you will
find an French-to-English translation of a press release I found.
Reprotechnique continues its
activity Monday, September 30, 2013
To save their
jobs, 66 employees have now listed by creating a SCOP.
Friday,
September 27, Olivier Crus, leader Reprotechnique Service Point, had invited
the press to its premises in Colombes (92) to announce the resumption of
business as SCOP ( cooperative and participatory society). Following structural
difficulties to repay a significant liability, the company was placed in
liquidation in April 2013 by the Commercial Court of Créteil (94 ) despite a
turnover of 9 million euros in 2012 and still existing customers. "Created
in 1963, the company has grown steadily over the market all formats digital
printing, black and white and color. It was inconceivable that the company
closes its doors. We were not only shareholders but with highly motivated
employees. We have chosen to work together accompanied by the Regional Union of
Scop to submit a takeover bid to the court,"says Olivier Crus. In fact,
since last July, 45 of the 66 employees have become shareholders of the
company. The recovery was made possible through financial tools Scop network,
the device refundable advances the Ile -de- France, but also thanks to the
Smurfit Kappa. The latter chose to pay 170,000 euros from a revitalization
agreement in accordance with the Prefecture of the Hauts-de-Seine for
maintaining 66 jobs, with an estimated turnover of € 7.1 million in 2013.
(Note: Smurfit Kappa, a huge company, is based in
the U.K.)
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