đą An important step has just been taken!
A new shareholder search process for Fonderie de Bretagne was initiated last January to complete the second phase of the companyâs transformation plan, diversification of production and further modernisation of the industrial tool.
This process of finding a new partner for FDB is now entering its final phase. We received a firm offer on 23 July to acquire Fonderie de Bretagne by the industrial holding company Private Assets. This offer was accepted by FDBâs current shareholder, Callista Private Equity. Exclusive discussions are now underway to finalize the terms of the transaction by early September.
đ The company has undergone a profound transformation since its sale in 2022 thanks to the commitment and commitment of its employees. The offer offered by Private Assets is designed to guarantee the sustainability of this modern and efficient industrial tool, as part of the necessary consolidation of the cast iron foundry sector in Europe. It is a real opportunity and a perfect example of the reindustrialization dynamic. The whole issue now rests on the joint will of the company and its partners, in particular its historical partner, to complete the transformation plan initiated in 2022.
đ Thanks to all our partners, customers, suppliers for their support and trust.
