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Chereau hits problems I SA J Chereau, the French trailer
Page 7
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manufacturer recently featured in CM (6-12 Feb) has run into financial difficulties.
Last Friday (21 Feb), the refrigerated trailer specialist was placed in receivership by the Tribunal de Commerce at Coutances, and a receivership administrator was appointed on Monday (24 Feb).
Chereau blames the current situation on a combination of the lengthy legal process of transferr ng control of the company rfrom the deceased founder, Jean Chereau, to his son LeanLuc) and the investment programme to update manufacturing to meet the latest EC environmental standards.
A brief press release states that the involvement of new financial and industrial partners is expected to ensure the company's continuity.
• Chereau's UK importer. Sinclair, has been appointed as UK distributor for the French SAMR0 range of dry freight trailers. More details in next week's Commercial Motor.