Evo-France

Although this is, strictly speaking, outside the scope of the licensee system, it is a follow on from the demise of Dia-Prosim and the extraordinary lengths, in terms of time, effort and financial outlay, to which the company went in an attempt to establish a trading outlet in France which was, obviously, regarded as a lucrative market. It was a market, however, accepting the chauvinism of the French and basic good business practice, into which product had to be packaged and labelled to conform to French standards. The Dia-Stik trade name had been retained by Evode and, presumably, acceptable packaging and labelling was still retained at Chauny.

Documents retained by the CRO, Stafford.

D5189/3/13/1.

There was correspondence in late 1971 between Dr. Simon and Mr. Th. Steenvorden of Simson concerning co-operation in setting up Evo-France. It is implied that Flli. Zucchini was initially interested but dropped out of the negotiations. No reason is given.

Mr. Stibbe and Mr. Bierkens were also involved on behalf of Simson.

24 May 1971.

Les Journaux Judiciares Associes announced that Evo-France had been established for the duration of 99 years. The managing director would be M. Phillipe Cerf, previously M.D. of Dia-Prosim.

There was much concern on the part of HS on ways to continue business, particularly with Compagnie de Vernis Valentine, while Evo-France was getting off the ground.

25 May 1971.

The articles of association established that the assets of Evo-France were contributed by:-

SA Dia-Prosim FF13,400 (134 shares)
SA INEC FF 6,600 ( 66 shares)

The trading address of the company was given as 56, Rue de Provence, Paris 9, which was the established address of SA INEC.

8 Nov. 1971.

HS informed Th. Steenvorden by letter that Evo-France had been established with a capital of FF20,000.

It would appear from this letter that Dia-Prosim had gone out of business and had sold manufacturing equipment and raw material stocks. However, HS suggests that Simson manufacture Dia-Stik 528 to the French formulation for delivery to Chauny which implies that the factory is still operative and could be used as a sales base.

26 Nov. 1971.

Letter from Mr. J.E. Linnell to Allen & Overy. This letter makes clear that Evo-France, as set up above, is the subject of acquisition by an Evode/Simson consortium as Dia-Prosim have ceased to be Evode licensees.

3 Dec. 1971.

Letter from JEL to A&O advising that the Evode/Simson consortium will contribute £10,000 to setting up Evo-France and each company will guarantee a further £10,000.

File D5189/3/13/2.

10 Jan. 1972.

Letter from HS to M. Phillipe Cerf advising that Simson will not be taking part in the acquisition of Evo-France and Evode alone will be buying all of the shares.

25 Jan. 1972.

JEL confirms to A&O that Evo-France will be purely a selling organisation supplied from either Evode or Simson.

3 Feb.1972.

JEL is informed by A&O that France is reluctant to allow foreign capital to be used to acquire French companies. However, borrowing from French banks to achieve this end is possible.

17 Feb. 1972.

A letter from S.G. Archibald`s, Paris office, acting on behalf of A&O, states that, as Evo-France has never performed any activity, never owned real estate or premises there should be no problems with the French tax authorities. It is not clear how this subject arose.

8 March 1972.

Matters on Evo-France are placed in abayence.

March 1972.

It is evident that some kind of agreement was concluded between Evode and Compagnie Des Vernis Valentine although there is no paperwork to confirm this.

15 Sept. 1972.

The pace has slowed considerably and doubts are expressed about going ahead with Evo-France.

26 Feb. 1973.

It looks as though things are on the move again.

There is a letter from JEL to Nat West bank concerning the transfer of funds.

9 March 1973.

In a paper headed “Minutes of the Collective Decision” it is recorded that M. Phillipe Cerf has resigned as MD of Evo-France. Mr. Andrew Simon was proposed as his replacement.

29 March 1973.

AHS begins the process of setting up staff for Evo-France. The matter has now become quite complicated with so many being involved in the decision making processes including TQD Dunlop.

29 June 1973.

AHS asks Archibald to appoint Michel Colomb et Assoc. as book keepers and accountants to Evo-France.

6 August 1974.

A report by AHS to an Evode Holdings Board meeting.

His suggestions that Evode employ a sales manager to run a small company in France or consider buying into Cegecol or Abrisseau Sader (which were two well established adhesives companies in France) suggests that Evo-France is history although, to date, there is no correspondence to confirm this.

12 Sept. 1974.

A paper by AHS entitled “Strategy and Tactics for Evo-France” for the Evode Holdings Board suggests that no firm conclusion has been reached with regard to Evo-France.

A balance sheet to December 1974 was produced.

A M. Rizza was offered employment to act as sales manager in France effective from April 1975.

8 March 1975.

Price Waterhouse, Paris was appointed to act as auditors for Evo-France, suggesting that the project was still alive to be run by M. Rizza.

7 April 1975.

AHS presented a paper to an Evode Holdings Board meeting proposing the transfer of ownership of Evo-France to Evode Holdings Overseas B.V. No reason is given for this proposal but presumably it would enjoy some sort of tax benefit.

A second proposal was to convert Evo-France from an SARL company to an SA company which has a more substantial meaning in France.

25 April 1975.

A memo from AHS advises that “….we do not yet wish to trade under the name of Evo-France….”

11 July 1975.

In an internal memo AHS mentions for the first time the company EMFI-Mendler as a potential acquisition.

There were Evo-France accounts for 9 months to 30 September 1976.

24 October 1979.

A letter from S.J. Wynne-Simmonds to Societe Alsacienne D`Audit et de Consielle still mentions a balance for Evo-France to 30 September 1979.

The correspondence ends.

June 2004