According to French media the Commercial Court in Le Puy-en-Velay accepted a bid from Auriol Frappe à Froid, based in Toulouse, France, for the remnants of Preciturn.
Auriol manufactures rivets, screws and special parts for aerospace, industry and automotive sectors. The company also manufactures in the Tangier Exportation Free Zone, Morocco. Preciturn’s demise was accelerated when Peugeot pulled out of supply contracts leaving Renault as the ailing business’ only major contract. The transaction is expected to result in the retention of less than twenty jobs in a business that in the 1970s employed 400. Purchased in 2013 from a previous bankruptcy by a US investor the business continued to struggle, allegedly due to failure of the investor to delivery cash injections.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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