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Fonderie de Bretagne: Renault chooses the German fund Callista as buyer

2022-07-04T17:22:42.602Z

The manufacturer specifies that it will support the resale with an investment of 32 million euros. The Renault group on Monday chose the German investment fund Callista Private Equity to take over La Fonderie de Bretagne de Caudan, in Morbihan, which employs 285 employees on permanent contracts, without layoffs, he announced in a press release. . “ The industrial project led by Callista, whose head office is based in Munich, corresponds to the commitments made by Renault Group to achieve profit



The Renault group on Monday chose the German investment fund Callista Private Equity to take over La Fonderie de Bretagne de Caudan, in Morbihan, which employs 285 employees on permanent contracts, without layoffs, he announced in a press release. .

The industrial project led by Callista, whose head office is based in Munich, corresponds to the commitments made by Renault Group to achieve profitable operation of the site, in particular thanks to massive investment, a restoration of competitiveness and an ability to diversify. and identify new markets

”, declared the group at the end of an extraordinary social and economic committee (CSE).

Read alsoRenault is gaining momentum in services

Questioned by AFP, Renault specified that it will support the resale with an investment of 32 million euros to "

modernize the melting process, the core line, and to create a second exit line in order to pass parts larger for other types of customers

.

Renault and Callista will present the recovery plan in more detail during an extraordinary CSE on July 11.

Read also Foundry of Brittany: Renault announces discussions with “six potential buyers”

We are very moderately satisfied because we have already been scalded in the past and Callista is a fund which has short-term objectives, by 2025, to turn the company around, otherwise they will close

”, reacted Maël. Le Goff, CGT union representative.

"

We know that there is potential but Renault no longer wants to have the Foundry of Brittany in its lap and has accepted that the employees who want to stay in the group stay while we are already suffering from difficulties in finding skills

" , he added, while welcoming the absence of layoffs and the “

big investment

”.

"

The good news is that we have a buyer because we no longer had any sound or image concerning the process, but we still have to analyze the viability of the business plan

”, for his part reacted Stéphane Dubois, delegate CFE-CGC.

Heir to the Forges d'Hennebont, created in 1860, the Fonderie de Bretagne has been based in Caudan, near Lorient, since 1965. The factory manufactures suspension arms, exhaust manifolds and elbows, as well as gearbox differentials of speeds.

Renault had announced in March 2021 the sale of the factory, which had triggered a two-month strike, the employees demanding that they remain within the group.

Source: lefigaro

All business articles on 2022-07-04

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