Canadian supplier Decoma International has bid $5.57 million (E5.2 million) for the fascia operations of Peguform France.
Concord, Ontario-based Decoma is a subsidiary of Magna Intern-ational. Peguform France is part of the European operations of Venture Industries of Fraser, Michigan, USA.
Managers of Peguform forced the German-French supplier into receivership in November, alleging Peguform was unable to pay its suppliers as revenue was being directed to the parent company.
Decoma said its bid covers four manufacturing plants in France with 1,350 employees. Decoma said it would pay up to $3.9 million for the fascia operation's raw materials and finished goods inventory.