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Technicolor SA (TCH)’s unprofitable set-top box factory in Angers, France, has filed for insolvency with the Nanterre Commercial Court.
“The president of Thomson Angers has filed for insolvency and has petitioned the court to open rehabilitation proceedings,” the Paris-based company said today in an e-mailed statement.
Technicolor, a French producer of film-making products and technology, said last month that it was in talks with five potential buyers for the factory, its last production site in France. The company declined to name the potential buyers for the Angers factory, which employs 330 people, as the discussions were private.
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