Decotec calls on Audacia and its Bonds Relance system to prepare the acceleration of its development.
Founded in 1974, Decotec designs, manufactures and distributes high-end bathroom furniture, 100% made in France. Its factory, consisting of 5 workshops and 170 employees, allows the company to ensure the entire production process of furniture and bathroom accessories.
Decotec has been awarded the label «Living Heritage Company» by the Ministry of Economy, Industry and Employment, which distinguishes the excellence of the craftsmanship of French companies, combined with high industrial technology and a constant search for innovation. It thus sees the quality of the know-how of its craftsmen and its research in development recognized by this State label. It is the only French company manufacturing bathroom furniture so rewarded.
Since 2020, Laurent De Bray, former Vice President of Phillips France has taken over this company in order to redeploy its activity. Faced with numerous operational and investment challenges, its CEO wants to set up an offensive development strategy and has relied on the expertise and networks of I-Deal Development to efficiently identify a non-dilutive financial relay.
For the record, the Recovery Bond Funds are term loans aimed at financing the recovery of growth following Covid-19. With the end of the scheme in 2023, I-Deal Development, Audacia and Decotec were able to do everything possible to complete this operation in record time.