JSP is nearing its liquidation

The workers, after a year and a half of struggle, regret that the process ends in liquidation. / JC ALONSO

Sanlode Alimentación, which was created less than a year ago, has offered 7 million for the group. On Saturday he had to disburse 1.7 million to guarantee his solvency but he did not. The end of this Canarian industry is already taken for granted

Silvia Fernandez

The only offer that has come
at the end of the sales process of the industrial group JSP and presented by the company
Sanlode Food (whose sole administrator is a former JSP worker: María Lourdes Sánchez López) has not presented the bank guarantee that was requested to demonstrate her economic solvency and that was the previous step for her to keep the four production units.

According to close sources, Sanlode (whose commercial name is Aztenon)
offered 7 million euros for JSP (the group went to auction for an initial price of 68 million, which accounts for the loss of value)
and the guarantee that has not been paid amounted to 1.7 million euros.

Sanlode had until Saturday to present this guarantee, according to close sources, but until yesterday this company had not given any signs. This was indicated by the bankruptcy administrator to the representatives of the workers in a meeting held yesterday morning to report the end of the sale process.

JSP went from a profit of three million to nine million losses in eight years

Last July, the specialized company Asemar opened the sale of the Canarian industry, after being authorized by the Mercantile Judge number 2 of Las Palmas, who is in charge of JSP's insolvency proceedings, to carry it out urgently due to the deteriorated situation of the company.
Two months later the process ends without a buyer despite the fact that at the beginning of August Asemar reported that there were more than 40 companies interested in buying JSP and that the process was going very well.

The president of the works council of JSP
Ishmael Trujillo, lamented yesterday the year and a half lost since the industrial group presented the pre-bankruptcy of creditors and without the appropriate decisions having been taken at this time to ensure that one of the main industrial food groups in the Canary Islands continued with the activity. «It has been a year and a half of struggle to get it to move forward. It is
disappointing it what has happened, to see that so much effort has been useless“, says Trujilllo.

Worker sources complained about the management and mediation of the Government of the Canary Islands to save JSP from bankruptcy. In 2008, JSP had a turnover of 125 million euros and was one of the most prominent brands in the island's industrial agri-food sector, with brands that are so well-known and loved by Canarians such as Millac and Celgan.

The lack of raw material forces JSP to stop production in some centers

It is expected that on Thursday 15 the parties will sign the minutes to process a new employment regulation file (ERE), which will affect the 140 workers who remain in the company after the ERE closed in January and which resulted in the departure of 70% of the initial workforce (317 people). When JSP applied for the pre-contest in March 2021, it had a workforce of more than 450 workers.

Once this point is reached and in view of the bankruptcy administrator's conclusions, the judge will determine the liquidation of JSP.

Close sources do not rule out that Sanlode could present the guarantee after the deadline, until Thursday when the ERE is signed, although everything indicates that it will not happen. "If in a year and a half a buyer has not been obtained, it will not appear in two days," indicate sources of the workers, who consider that throughout the JSP process there has been an intention of a
"black hand" to drop it, in order to acquire it in the liquidation process without any charge and "given away". "In this year and a half there have been options, but everything has been obstacles in the way to prevent it from getting ahead," he indicates.

Since Sanlode Alimentación presented its offer, numerous doubts have arisen regarding its
economic and technical solvency. This company, which wanted to take over the four JSP production units - the Guímar milk plant, the Los Baldíos yogurt plant, the Los Majuelos coffee plant and the El Tablero bread plant - is barely a year old.

Incorporated in November 2021 Its activity has been linked to the distribution of medical supplies with covid and has recently operated through agreements with the Embassy of Ukraine in Spain.

Hiperion proposes to keep JSP at zero cost and without complying with the ERE pact

As for the offer that he had made for JSP, of 7 million (insufficient to cover a
accumulated debt close to 70 million eurosthe majority with banks and the rest with suppliers), his intention was to allocate almost four million to pay Gordon Brothers for the machinery and only three million would be disbursed for the production units, according to the offer presented by Sanlode to Asemar and which CANARIAS7 has had access.

His intention was
subrogate 88 workers of the 140 and incorporate the rest as the activity grows. expected to contribute
3.5 million at first and obtain future financing for another 15 million.

Quesos Valsequillo also submitted an offer that was studied but discarded because it only aspired to keep the yogurt plant and the amount was also very small, only 600,000 euros.

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