The Domo Polymer Solutions Spain plant in Blanes has officially entered the liquidation phase following the insolvency proceedings affecting the Spanish subsidiary of the chemical group. The judicial process is moving towards a notarial auction scheduled for June 10 with the aim of finding a buyer for the production unit.
More than a dozen companies have shown preliminary interest in the facilities before the deadline for submitting binding offers. Three of these potential buyers have requested in-person meetings with the insolvency administration to expand on technical and financial data before making a final decision.
ACIN leads industrial interest
Among those interested, ACIN stands out, a group specialized in industrial recycling based in Riudarenes that has already demonstrated its investment capacity in the sector. This company acquired Nylstar in 2024 for 8 million euros after doubling its initial offer of 4 million during the competitive process.
"The chemical nature of the industry demands an orderly shutdown of production" - Josep Pujolràs, insolvency administrator
Josep Pujolràs, partner at Roca Junyent and appointed insolvency administrator, oversees the progressive closure of the activity. Production is in its final phase and requires strict safety protocols due to the materials handled at the Blanes facilities.
The commercial court of Girona approved two months ago the special rules that govern this liquidation and separate the structure of Domo España into two distinct blocks to facilitate its sale or closure.
Strict labor and economic conditions
The Blanes plant currently employs 73 workers and has facilities valued at 12.36 million euros according to recent judicial appraisals. The total reference value amounts to 15.21 million euros, including labor costs arising from the possible termination of contracts.
Any company that aspires to buy the factory must submit a minimum offer of 4.12 million euros and make a prior deposit of 250,000 euros. Proposals must be firm and without pending conditions to be admitted for processing by the judicial administration.
Buyers are obliged to maintain at least 24 of the 73 current jobs or provide economic compensation of approximately 950,000 euros. This social clause seeks to protect local employment against a possible purely speculative purchase of the real estate and industrial assets.
A labor file for the suspension of contracts and, subsidiarily, for the termination of labor relations has been opened while the auction is resolved. Workers' representatives are closely monitoring the negotiations to ensure compliance with the guarantees established by the judge.
Possibility of express auction
The procedure contemplates an accelerated route if a significant offer appears that substantially improves the initial conditions proposed by the insolvency administration. If a bid of at least 8.24 million euros arises that compromises the employment of 49 workers, an express auction could be convened within five business days.
The court will jointly assess both the offered price and the number of workers that the successful bidder is willing to assume in its new industrial project. This duality makes the human factor a decisive element alongside the economic valuation of the assets.
The second unit affected by the bankruptcy is the IT area located in Barcelona, which has 23 workers and assets valued at 128,903 euros. This block presents a very different profile from the industrial plant and could have a different commercial path in the market.
The Blanes facilities were built in 1967 as an expansion of the old SAFA and have been part of the industrial fabric of the area for more than half a century. The Belgian group Domo Chemicals acquired the property in 2020 before leading to the current insolvency situation of its Spanish subsidiary.