Due to the Covid-19 outbreak, the auction of the assets of the Arjowiggins Security paper mill has been postponed. The sale, which was to have taken place on 28 April, has been postponed to 16 June 2020, subject of course to an improvement in the epidemic situation.
This auction follows the court-ordered liquidation of Arjowiggins Security in Jouy-sur-Morin, Seine-et-Marne (77 ). It will take place at the Henri Forgeard auction room in La Ferté-Gaucher, in the same department. The sale is organized by the auctioneers Gilles-Seurat Moretton et Associés.
The interenchenchères site displays 553 batches including all kinds of small equipment and tools, but also larger machines: milling machine, pulper, folding machine, conveyors, mixer-cutter, stainless steel tank, refiner, winder, cutter, grinder, baler, etc.
An investigation into bankruptcy
A former subsidiary of the Sequana paper group, the Jouy-sur-Morin plant was acquired in 2018 by the German-Swiss investment group Blue Motion Technologies. But barely 10 months after this takeover, the site closed its doors on 30 January 2019, leaving 220 employees unemployed.
Arjowiggins Security specialised in the production of secure paper used to make banknotes, cheques, passports and vehicle registration documents. 104 of the ex-employees have since attacked their former bosses at the industrial tribunal for "?licenciement without real cause and sérieuse?". According to the employees' lawyer, the buyers have made a real "?pillage?" by emptying the factory's coffers in a few months before closing it. A preliminary investigation for bankruptcy has been opened by the Nanterre public prosecutor's office.
