CM-CIC exits Coprodex to trade

CM-CIC Investissement, previous owner and director Philippe Metzger, and Luxembourg-based investment company Field Sicar have all exited the business, although Metzger remains in his role at the helm.

Coprodex has been backed by CM-CIC since 2005, according to publication CFNews.

Based in Origny-en-Thiérache, ACT specialises in aluminium-based products via two subsidiaries, CTI and Orial. ACT employs 60 people and is part of the Amiquar group, which groups together 30 industrial SMEs. The whole group generates a turnover of around €200m.

Company
Founded in 1997 and based in Saint-Avold, Coprodex is a maker of profiles and accessories for joinery manufacturers and installers. It serves carpentry business with a focus on the plastic polyvinyl chloride (PVC). The business has 50 employees and posted €17m turnover in 2017.

People
Au Creuset de la Thiérache – Sylvie Owen (manager).
Coprodex - Philippe Metzger (CEO).

Advisers
Company – CM-CIC Conseil (M&A); MLA Conseil (legal).
Equity – Cleach Avocats (legal).

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• Topics
• Exits
• France
• Industrials
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Trade sale