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In October 2010 the original founder, the Caudron family, sold the company to Gijs Steeman Beheer. Owing to an unfortunate acquisition, which only lasted one single year, the company went through a difficult year.
On 25th April 2012, a provisional administrator was appointed. Subsequently, by judgment of the Mechelen Commercial Court dated 21st May 2012, a judicial reorganisation procedure was initiated with a view to a transfer under judicial supervision (Continuity of Enterprises Act with urgent sale).

Thanks to the acquisition of Bobinindus by the Willequet family on 9th July 2012, the company has a strong financial and family partner again, thus ensuring its stability, growth and future again.