Fibre Excellence: Tarascon's Employees Angry After the Plant Was Wound Up
7 Articles
7 Articles
The commercial court of Toulouse, which delivered the judgment, considers that the Tarascon site, as well as the Biowatt SAS power plant, are in an "immediately compromised situation, with no prospect of recovery", encumbered by a liability of nearly 105 million euros. The decision comes two days after the rejection of the only takeover offer covering the whole of Fibre Excellence, presented by financial expert Matthieu Pigasse with the support …
The Toulouse commercial court rejected the offer to take over the business banker Matthieu Pigasse for the last French pulp manufacturer, Fibre Excellence. While there is little hope of a stay for the Saint-Gaudens unit, the judicial liquidation is taking place for the Tarascon factory, in the Bouches-du-Rhône, causing the anger of the employees who have locked all access by claiming the assistance of the state.
"It's a second cold shower." The hope of a last-minute reversal of the situation was slim. The Toulouse commercial court finally ended it on Wednesday 29 July. The court in fact took the decision to...
According to our South-West colleagues, the Toulouse commercial court ruled this Monday, July 27. The information was confirmed by many media rehearsing an AFP dispatch. The offer presented by banker Matthieu Pigasse was not retained because it contained suspensive conditions of unrealizable state commitment. Like the distant Indonesian shareholders, [...]
Read the full article on stephaneLarue.com The Toulouse commercial court granted a stay of the Saint-Gaudens site thanks to the offer in extremis of a mysterious industrialist, while Tarascon faced a liquidation.
On July 27, 2026, Toulouse's commercial court ruled against Fibre Excellence's offer to take over Matthieu Pigasse. In the absence of suspended suspensive conditions, the court simultaneously ordered the liquidation of Tarascon's site and granted a stay until the end of August for Saint-Gaudens, where an anonymous industrialist filed a letter of intent. Beyond the fate of the 670 employees, the decision upheld the planned disappearance of the la…
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