Progin S.A.

Background

Progin S.A., based in Bulle (Switzerland) with additional sites in Biel and Tolochenaz, was a renowned company in the field of architectural façades. For nearly four decades, the company realized complex façade projects and was known for its tailor-made solutions that combined state-of-the-art technology with environmental, functional, and economic requirements. Following insolvency proceedings, the administration was looking for a partner to take over all movable assets and ensure a professional clearance of the production and office facilities.

Equipment highlights

Comprehensive sheet metal and façade production equipment, CNC-controlled machining centers, welding and assembly stations, specialized façade construction tools, as well as office furniture and IT infrastructure.

Transaction

PIPM acquired the entire inventory from the insolvency administration in one comprehensive transaction. The agreement included strict conditions regarding timeframe, professional handling, and the complete clearance of all premises.

Procedure

Leveraging its international network of buyers, sector-specific remarketing expertise, and long-standing partners for dismantling and logistics, PIPM successfully realized the assets within a short timeframe. All steps from valuation, professional dismantling, transport, to the final clearance were managed seamlessly.

Result

The production halls and office premises were returned completely empty and broom clean to the insolvency administration in Bulle, to the full satisfaction of all parties involved.