Despite the health crisis, a few business takeovers continue to take place. Finadorm, a French specialist in wooden furniture, announced Tuesday that it had been chosen as the buyer of the mattress manufacturer Dunlopillo, placed in receivership in December by the Paris Commercial Court.
Nearly 200 employees in the Yvelines
"I am certain that we will breathe new life into the company and the 90 employees we are taking over, but it is certain that the health situation in which the world finds itself today with the Covid-19 is slowing down this new start" , reacted Jean-Rémy Bergounhe, the CEO of Finadorm, while the employees are on forced technical unemployment and production is stopped. Two other potential buyers had expressed interest, said a source familiar with the matter in early March: the French group Jacquart and Emma-The Sleep Company, a bedding group based in Frankfurt which already bought the Dunlopillo brand in Germany in 2016.
Before being placed in receivership, Dunlopillo employed nearly 200 people at two sites in the Yvelines. The backup procedure had been requested by Paris Bedding, the company which groups the Dunlopillo activity. This brand is part of the Adova holding company which has other bedding brands (Simmons, Treca).
The takeover of this brand which has an "international influence", according to Jean-Rémy Bergounhe, completes the bedding division of the buyer, which already has Biotex and Technilat in its portfolio. Created in 1984 by its current manager, who also chairs the French Bedding Syndicate after having started as a carpenter in Aveyron, Finadorm employs more than 700 collaborators scattered in ten different companies and has ten production sites in France. The group generates around 100 million euros in annual turnover.
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