Senator calls on Prime Minister to support takeover of Arjowiggins Security

Potential buyers are still in the running almost a year after the liquidation of the paper mill.

The fate of the former Arjowiggins Security paper mill in Jouy-sur-Morin (77) is still not sealed. Nearly a year after the Nanterre Commercial Court ordered the company to go into receivership, two takeover projects are still being pursued by former employees: the "Arjowiggins Security" project and the "Arjowiggins Security" project Padec in the form of a scop, and the project Smart Security Paper .

Potential buyers are waiting for the same chose?; the auction of the plant's assets. This summer, the two groups were received by the judge-commissioner at the Commercial Court of Nanterre. Following these hearings, the court discussed a procedure for the auction of the plant's assets to take place in mid-October. But today this sale has still not taken place.

A letter to the Prime Minister in support of the recovery plan

On 27 November last, Senator Anne Chain-Larché (LR) of Seine-et-Marne sent a letter to Prime Minister Édouard Philippe asking him to support the plan to take over the Arjowiggins plant at Jouy-sur-Morin. "?Ce project led by 4 former employees would maintain 84 jobs on territoire?" the Senator tweeted.

In her letter, Anne Chain-Larché refers to the Padec project, supported by a group of 66 members applying for a scop.

"?Un a realistic recovery plan has been built, industrial partners have been sought, a file for the takeover of assets has been put together and finally financial partners to ensure the conditions for the takeover with working capital have been trouvés?" wrote the Senator.

This project would, according to her, make it possible to maintain the production of up to 3,000 tonnes of banknotes and security documents per year while developing the manufacture of arts and leisure papers.

Before its closure, the Jouy-sur-Morin plant employed 240 people and was specialised in the manufacture of secure paper for passports, vehicle registration documents and bank cheques. It also produced banknote paper for some 100 countries.

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