Belgian Sicame in liquidation
Belgian producer of professional furniture, Sicame Office NV, announced it is in liquidation.
In a letter to its partners, Sicame explains that on advise of its Board, the General Shareholder’s Meeting has decided to go into liquidation.
“The difficult market circumstances, the ongoing economic crisis and high production costs are the reasons behind this decision,” explains the letter.
The appointed receiver will start looking for a takeover candidate, according to Sicame.