Coelima’s new owner warns that “problems are about to begin.”

The Coelima creditors’ meeting, which declared bankruptcy on April 14, approved the sale of Mabera for € 3.637 million, receiving 89% of the votes of the approximately 500 creditors of Coelima, headquartered in the Pevidem parish in Guimaraes. , in the area of ​​Braga.

“Company [Mabera] worked for this, made the best offer, and this is the expected result, with the confidence that now real problems will begin, because Coelima needs to be protected, jobs, company activities and restore the trust of creditors and suppliers, “- said at the end of the meeting, lawyer Jose Moreira da Costa.

The sale of Coelima to Mabera prompted abstaining from 215 unions (the company has about 250 employees) and Social Security (9.7961% of loans), as well as votes against two creditor companies, Viptrade and Vizelgraf, which accounted for 1.066% of loans.

At today’s meeting in the Commercial Court of Guimaraes, only the proposal that was approved was voted on, and of the other two proposals submitted for the purchase, the consortium Mundo Têxtil / Felpinter (which offered 2.615 million euros) was removed from the vote and on the third, written by RTL / José Fontão & Cia, worth 1.75 million euros, no vote was taken.

“My responsibility as a trustee is to fight to increase the value of assets, and therefore this is always the highest bidder,” defended insolvency manager Pedro Pidwell at the end of the creditors’ meeting.

According to Jose Moreira da Costa, Mabera has no doubts about the viability of Coelima: “The company has a name, on the textile level it will be on the same level as Vista Alegre in porcelain, it is a brand that can protect itself and cannot afford to die” – he declared.

According to the lawyer, Mabera is “a company from Vila Nova de Famalicao with more than 50 years of experience, assets of about 25 million euros in equity, it is a benchmark company in the textile finishing sector, despite this moment. be more generic, as Mabera is being developed by another company, Perfil Cromático, which employs 162 people. “

The workers, who will be paid a salary (about 200 thousand euros) on Monday, are asked by the new owner of Coelima to “trust the new management and cooperate with the new managers.”

As an integral part of the MoreTextile group, which in 2011 emerged from the merger with JMA and António Almeida & Filhos and whose main shareholder is the Recovery Fund managed by ECS Capital, Coelima filed for insolvency after bankruptcy sales of “more than 60%” caused by the pandemic and non-approval of candidates submitted under the covid-19 lines.

Coelima’s main lenders include workers (who have applied for loans of € 10.82 million), Caixa Geral de Depósitos (€ 10.44 million), Autonomous Fund for the Support of Concentration and Consolidation of Companies (FACCE, claiming € 9.61 million), Novo Banco (7.41 million euros) and BCP (4.82 million euros).

Read also: Mabera’s Coelima Sale Approved For $ 3.6 Million