RE:TVAlets try that again...
ZouZS3 wrote:
Xebec Adsorption espere ainsi obtenir la reconnaissance de l'ordonnance initiale aux Etats-Unis, ce qui lui permettrait de suspendre les procedures et reclamations des creanciers. Lobjectif tant de mettre en uvre des mesures de redressement et un processus de restructuration, lui permettant d'eviter la faillite. Lentreprise possede neuf usines de fabrication, 17 centres de services de technologies et cinq bureaux de vente repartis sur quatre continents. https://www.tvanouvelles.ca/2022/09/29/xebec-se-met-a-labri-de-ses-creanciers-1
They mentioned the 9 plants. IF…. we survive this mess they do have an opportunity to unload non-core assets….such as
Tiger filtration – it was purchased for $20.6 million CAD. TFL had revenues $4.6 million CAD, an EBITDA margin of 42% and a net income margin of 34% for FY2020. They would grow the revenues by displacing parts currently purchased by Xebec elsewhere
Nortec was purchased for approximately $8.5 million CAD through a combination of cash on hand, of which $2.6 million CAD was paid in cash on closing, and 735,838 common shares of Xebec at a price of $4.385 per common share were issued to the seller. Nortec had revenues of $4.5 million CAD for FY2020.
Xebec moved its dehydration products comprised of compressed air dryers, renewable natural gas dryers, hydrogen dryers to that location to free up manufacturing in Bainville Inmatec, a German-based manufacturer of best-in-class onsite nitrogen and oxygen generators.
Its doubtful they have enough Biostream sales to support two manufacturing locations. A decision will need to be made which plant they keep. IMHO