(AOF) – Metabolic Explorer (Metex) announces that the receivers have today received a takeover offer from Avril relating to the activities of its subsidiary Metex Noovistago and part of the commercial and R&D activities of Metex. The company specializing in industrial fermentation allowing the manufacture of ingredients of natural origin intended for the animal nutrition, cosmetics and biopolymer markets specifies that in total, 304 jobs are affected by this takeover offer which combines the State via Bpifrance.
Metex is currently in safeguard proceedings and should know on June 11 whether its request for conversion to receivership procedure is accepted by the Paris commercial court.
Given the amount of the group’s liabilities, the proceeds from the sale of the activities of the three group companies will not allow payment to the shareholder of Metex Noovistago and Metex Noovista and, more generally, to those of METabolic EXplorer and, once their activities transferred to the buyer, each of these legal entities should, ultimately, be liquidated judicially.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.