Hubert de Boisredon and the management team at Armor have acquired a majority of the company's capital. They have chosen a path of long-term development based on values of social responsibility, innovation and industrial growth. The buyout has taken place through a new form of Industrial and Innovation Capital Management (CMII in French). They have the backing of new investors.
Hubert de Boisredon and the management team are looking to pursue an innovative, long-term industrial plan. The foundations of their vision are continued industrial production in France and investment in growth and R&D.
They have chosen a French Industrial and Innovation Capital Management scheme, known as CMII, which combines shareholding and social capitalism, in the spirit of a family business. This model relies on significant personal financial commitment by the management team, share capital to be opened up to all employees and the backing of investment funding that shares a belief in the industrial project over the long term.
Armor's industrial project will take on a new dimension through involvement in the circular economy and by contributing solutions to the problems of energy transfer thanks to organic photovoltaic film. The project also relies on a strategy of co-industrialisation: developing economic activity in France, by investing in growth throughout the world.
Research and innovation will continue to drive development that is both ambitious and aims for the long term.
This buyout represents an opportunity for every part of the business including Armor Office Printing (AOP), which will maintain and develop its business whilst simultaneously leading a major innovation effort that should lead to the announcement of new products and services as early as this year.