Deals
Peugeot Heirs Return to Pepper Grinders After Losing Car Legacy
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The heirs of PSA Peugeot Citroen’s founder are returning to the business of making pepper grinders -- among the first of the family’s 19th century industrial activities -- in their latest move to diversify away from auto manufacturing.
Etablissements Peugeot Freres, which with other family holdings own about 14 percent of the 118-year-old French carmaker, on June 16 took back control of PSP Peugeot SAS, a medium-sized private company that has made pepper grinders since the 1840s. The company, which employs about 150 people in the town Quingey in eastern France, filed for bankruptcy in 2012.