Home Business The Caddy company placed in receivership for the third time in its history

The Caddy company placed in receivership for the third time in its history

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The famous manufacturer of Caddy supermarket trolleys, which declared itself insolvent on Monday, was placed in receivership on Tuesday January 4 with a month and a half to find a buyer and save its 140 jobs in Alsace.

“The court puts the company in receivership (…) and sends the case back to February 22, hoping to have a solution by this date with a buyer for the Caddy company”said the president of the company Stéphane Dedieu, at the end of the closed-door hearing which was held before the commercial chamber of the judicial court of Saverne (Bas-Rhin).

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“We are pressed for time because the company needs cash to continue, so it is important that the process is fast”added the one, who joined Caddy in the early 1990s as a salesman, took over the company in 2014 after a previous receivership.

Looking for an “industrial” buyer

“Currently I have no lead, but the procedure is just beginning”recognized Stéphane Dedieu, calling for a buyer “industrial” for this niche market and touting “a great brand, great products and committed employees”.

For his part, reassured that the salaries for December will finally be paid, Luc Strohmenger, CFTC secretary of the Social and Economic Committee (CSE), wants priority to be given to the “maintenance of employment” at the now sole production site in Dettwiller (Bas-Rhin).

Will employees be worse off in the event of bankruptcy?

“The objective is to find a buyer as quickly as possible because the state of society is really catastrophic. The objective is to maintain employment for as long as possible.insisted the lawyer of the CSE, Me Hervé Bertrand, evoking seven million euros of debts only with the suppliers.

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A third turnaround

“For me it is obvious that a beautiful house like Caddy will inevitably attract an industrialist”said Stéphane Dedieu on RMC before the court hearing.

The company, based in Dettwiller (Bas-Rhin), in Alsace, declared Monday, January 3 in cessation of payment due to an accumulation of difficulties which exhausted its cash.

The company, named “Les Ateliers reunited Caddy”which invented the metal trolley for supermarkets in 1928, has already undergone two receiverships in 2012 and 2014. It has been 70% owned since 2018 by the Polish Damix, which had cut fifty jobs in 2020.

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