CBI

CORPORATE 

CBI world
 

Work-Out Transaction History

  • Bentley Engineering in Leicester, England, manufacturer of Knitting Machines; Assets were acquired out of receivership. We ceased manufacturing of knitting machines, concentrated on spares and services for the existing machines in service worldwide; rehired 80 ex-employees; added imported products as a replacement of the old products. Sold the restructured business after one year to a Management  Buy-Out Fund.
  • Mondiale'81, in Vilvoorde, Belgium, manufacturer of Machine Tools; Assets were acquired from the receivers. We  rehired 17 ex-employees and converted the very large inventory into machines; regenerated the spare-parts and service business; sold the Intellectual Property Rights and dedicated Inventory for certain Product Lines to another European Machine Tool Builder, Added Machine Tool Trading and Rebuilding. Sold the Land and Buildings to a property developer and moved to an Industrial Site, where the activities continued in joint-venture with another European Machinery Trading company. Ten years later we sold our shares.
  • PRB, Belgium; when PRB (Poudres Réunis de Belgique) went bankrupt, we purchased all assets on  3 locations. Liquidated all defense related assets, developed the industrial sites, leased the buildings  and continued the Closed Die Forging activities in Mechelen under the name "Belgium Forge", as a supplier to the Truck, Tractor and Construction Machinery Manufacturers. We rehired 40 ex-employees, secured orders from most of the former customers. After 7 years we sold Belgium Forge to a Spanish Steel and Forging Group.

 

 Phone:+31 20 470 0989 - Fax:+31 20 470 2084

www.cbiworld.com

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