According to newspaper reports Gressino International, a French company that produces leather upholstery for the automotive industry, is to change hands after being in receivership since April 2001.

The decision was made by a commercial court in Amiens, which ruled that Jacky Avisse, chairman and CEO of Bepa, could acquire the company.

Bepa, based in Beauchamp-le-Vieux (Somme), specialises in the renovation of car parts. Mr Avisse said he hopes to diversify Gressino's activities in the longer term.

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