Economy A take-over offer for the SAM foundry which provides...

A take-over offer for the SAM foundry which provides for the maintenance of 250 jobs

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648x415 salaries jinjiang sam piquet greve mars 2021

Jinjiang SAM employees on a picket line in March 2021. – Lionel Bonaventure – AFP

The horizon seems to be clearing up for the emblematic Aveyron foundry SAM, in receivership since December 2019. A takeover offer was indeed filed Monday at the Toulouse commercial court, a few hours before the deadline. As expected, it comes from the Alty group, led by Patrick Bellity, the former boss of the Viviez site, near Decazeville, before its resale in 2016.

Alty owns the Sifa Technologies aluminum foundry in Orléans. Its file proposes the maintenance of 250 jobs out of 357 and to inject 10 million euros over three years to relaunch the plant.

“Create a cohesive group”

Its objective for SAM is to increase volumes, accelerate robotization, improve working conditions and competitiveness to achieve a turnover of around 45 to 50 million euros at the horizon 2023. Currently, the turnover achieved by SAM, of which Renault is the sole customer, is 30 million euros.

“The company has the advantage of being already positioned on hybrid and electric, it is up to us to diversify our clientele”, declares Patrick Bellity who wants “to recreate a coherent and complementary group with Sifa”.

The latter employs 120 people for a turnover of 13 million euros in 2020.

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