Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The commercial court of Paris approved the take-over of Caddie, a manufacturer of supermarket trolleys. This will lead to 252 job cuts. The new owners are: a former CEO, the Italian company Bertoldi that sells Caddie products and the German company ShopBox with activities involving maintenance of supermarket trolleys. 128 jobs will be retained: 105 at the main plant in Drusenheim (Bas-Rhin) and 23 at the site in Oberhausbergen (Bas-Rhin).
Caddie was placed into receivership in August. The new owners expect a turnover of €17 million (in comparison to €37 million in 2013) and took the commitment to avoid any dismissals for two years. The new owners were supported by public authorities and the agency for economic development of Bas-Rhin department. In 2012, Caddie was placed into receivership and was taken over by the group Altia.
Eurofound (2014), Caddie, Merger/Acquisition in France, factsheet number 77781, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77781.