That's sad news, they've been going in St Etienne, the Birmingham of the French gun trade, since 1820. They've had a bit of an unfortunate venture into police and military arms, and the use of the "FlashBall" non-lethal gun (basically fires massive bouncy balls...) has led to some really bad PR, because people ended up really badly injured. Also I think they were just overtaken and outclassed on the domestic market by Chapuis. Suspect they will be bought up and relaunched though. It's quite a modern factory and well known brand.
I never liked their guns much however...