Thursday, November 21, 2013
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.)
Posted by Joel Salus at 8:07 AM