Clichy, France - 01 JULY 2020 - BIC announces today that it has completed the acquisition of Djeep for 40 million euros, and a deferred consideration based on Djeep future sales growth.
Founded in 1973, Djeep is one of the main manufacturers of quality lighters and operates in Brittany, France. It achieved 14 million euros in Net Sales in 2019, mostly in Europe. Djeep also distributes its products in the U.S., Latin America, Middle East, Africa, and Asia. This acquisition aims at strengthening BIC's position in the pocket lighters market and offers substantial growth opportunities in Europe and North America.
See 16-JUN-2020Press Release
ABOUT BIC
BIC is a world leader in stationery, lighters, and shavers. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as Cello®, Conté®, BIC FlexTM, Lucky Stationery, Made For YOUTM, Soleil®, Tipp-Ex®, Wite-Out® and more. In 2019, BIC Net Sales were 1,949.4 million euros. The Company is listed on "Euronext Paris," is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It received an A- Leadership score from CDP. For more, visitwww.bicworld.com or follow us onLinkedIn,Instagram,Twitter,orYouTube.
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Sophie Palliez-Capian - VP, Corporate Stakeholder Engagement
BIC SA published this content on 01 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2020 17:13:01 UTC
Bic is one the world leading manufacturers of stationery, lighters and razors. Net sales break down by family of products as follows:
- lighters (38%);
- stationery (37%): ballpoint pens, pencils, mechanical pencils, felt-tip pens, correction pens, erasers, permanent markers, glues, adhesive notepads, etc.;
- razors (24%);
- other (1%).
Net sales are distributed geographically as follows: Europe (30%), North America (39%), Latin America (20%), Middle East and Africa (7%), Oceania and Asia (4%).
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