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8 clusters · 15 sources · 56 days · First seen · Last updated

Categories: BUSINESS

Fibre Excellence faces liquidation after rescue bid rejected

Entities: Fibre Excellence · Tarascon · Saint‑Gauden · Matthieu Pigasse · Roland Lescure

Overview

Following a court‑ordered bankruptcy filing in June 2026, French pulp‑and‑electricity group Fibre Excellence remains at risk of liquidation. On 21 July 2026 about 660 workers occupied the Saint‑Gaudens mill while awaiting a Toulouse commercial‑court ruling. Financier Mathieu Pigasse submitted a rescue offer similar to earlier proposals and was granted a three‑week extension to finalise it. The government has been urged to raise the purchase price for the group's electricity assets, guarantee timber supplies and secure backing from Bpifrance.

On 27 July 2026 the Toulouse commercial court rejected Pigasse’s roughly €90 million bid, deeming it insufficient despite conditions requiring state support for electricity costs, timber supply and carbon quotas. The decision threatens the roughly 670 jobs at the remaining Saint‑Gaudens and Tarascon plants, which remain occupied by workers. A separate, undisclosed industrialist has submitted a letter of intent to take over the Saint‑Gaudens site. Officials warn that liquidation could eliminate up to 10 000 indirect jobs, cut the trade balance by €1‑2 billion and incur around €500 million in environmental cleanup costs.

Timeline

  1. 1 day ago

    [BUSINESS] 3 sources
    Fibre Excellence offer rejected, 670 jobs jeopardized

    French court rejects Matthieu Pigasse’s €90 million bid for Fibre Excellence, threatening 670 jobs at its Saint‑Gauden and Tarascon plants.

  2. 7 days ago

    [BUSINESS] 3 sources
    Fibre Excellence faces liquidation, workers occupy plants as rescue offer deadline looms

    French pulp producer Fibre Excellence, under judicial recovery, sees workers occupy its Saint‑Gaudens plant while a rescue bid by financier Mathieu Pigasse seeks a court extension; liquidation threatens 660 job

  3. 28 days ago

    [BUSINESS] 2 sources
    French government readies €5 million loan to back Fibre Excellence rescue

    France will offer up to €5 million in loan support for Fibre Excellence if investor Matthieu Pigasse presents a viable takeover, after the firm entered judicial recovery and its shareholder refused further fund

  4. about 1 month ago

    [BUSINESS] 2 sources
    Fibre Excellence paper pulp maker seeks state aid as investor Matthieu Pigasse steps in

    CGT leader Sophie Binet urges the French state to back the rescue of fibre‑pulp producer Fibre Excellence as financier Matthieu Pigasse prepares a takeover, pending court approval in early July.

  5. about 1 month ago

    [BUSINESS] 2 sources
    Fibre Excellence pulp maker files for bankruptcy in France

    Fibre Excellence, France’s biggest pulp maker, entered bankruptcy over bio‑energy subsidy impacts, risking thousands of forestry jobs and prompting calls for government aid.

  6. about 2 months ago

    [BUSINESS] 2 sources
    Fibre Excellence faces court hearing as unions warn of job losses

    France's Fibre Excellence, in judicial recovery with 670 staff, faces a mid‑June court hearing; unions and regional leaders warn the state’s lack of support could end two pulp plants and threaten thousands of‑a

  7. about 2 months ago

    [BUSINESS] 2 sources
    Fibre Excellence faces liquidation threat as French government questions investor

    Fibre Excellence, France's last pulp maker employing 670 staff, faces liquidation as the government says its takeover lacks a real industrial investor; unions warn its loss could jeopardise a sector supporting

  8. about 2 months ago

    [BUSINESS] 5 sources
    Fibre Excellence submits takeover offer for its two remaining French paper mills

    Fibre Excellence filed a takeover bid with the Toulouse court to acquire its two remaining French pulp mills, preserving 670 jobs; the proposal, backed by regional authorities, is currently the only offer.

Sources

7fm.be · bienpublic.com · environmentalpaper.org · estrepublicain.fr · force-ouvriere.fr · information.tv5monde.com · ledauphine.com · lesinguliersete.fr · lopinion.com · news-24.fr · notretemps.com · objectifgard.com · sudradio.fr · upday.com · wwf.ch