Caddie

Type
Merger/Acquisition
Country
France
Region
Grand Est; Alsace; Bas-Rhin
Location of affected unit(s)
Schiltigheim
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.2 - Manufacture of other general-purpose machinery
28.22 - Manufacture of lifting and handling equipment
125 jobs
Number of planned job losses
Job loss
Announcement Date
24 May 2012
Employment effect (start)
2 June 2012
Foreseen end date
30 June 2012

Description

The commercial court agreed to the take-over of Caddie, a manufacturer of supermarket trolleys, by the Altia Group. This will lead to 125 job cuts.

Caddie was placed in receivership, while losing 1 million Euros every month. The new management wants to keep the production units in France and Shangaï (China), but will sell a plant in Portugal (150 employees).

With 33 production units around the world, the Altia Group has a turn over about 430 million euro in 2011.

Sources

Citation

Eurofound (2012), Caddie, Merger/Acquisition in France, factsheet number 73641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73641.