LOIRE VALLEY, FRANCE -- A fire in the early afternoon of Jan. 30 at Elvia's plant here destroyed the printed circuit board fabricator's entire production workshop.

The fire was contained at the end of the afternoon, and no injuries were reported.

A preliminary investigation has been opened by the Orléans public prosecutor’s office to determine the origin and circumstances of the fire, which are still undetermined.

All factory activity has been shut down, sidelining the site's 87 employees.

While the Loire Valley plant is being cleaned up, a transfer plan is being prepared to permit production to continue, the company said.

It's unclear how the fire will affect the potential sale of Elvia. In early January, Tikehau Ace Capital announced that it had entered into exclusive negotiations to acquire 100% capital of the company in a deal expected to close in the first half of this year.

Elvia was founded in 1976 and has five production sites in France and over 450 employees.

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