Oeneo SA acquired 51% stake in La Tonnellerie Millet from Millet family.
April 03, 2018
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Oeneo SA (ENXTPA:SBT) acquired 51% stake in La Tonnellerie Millet from Millet family on April 4, 2018. The transaction was financed in cash. La Tonnellerie Millet reported turnover of €0.8 million in 2017. Dominique Millet, a 49% shareholder of La Tonnellerie Millet, will continue as Production Manager. Oeneo SA has call option over the remaining stake in La Tonnellerie Millet, starting from 2022.
Oeneo SA (ENXTPA:SBT) completed the acquisition of 51% stake in La Tonnellerie Millet on April 4, 2018.
Oeneo is the world's No. 1 of cooperage for winemaking and the world's No. 2 of wine corking products. Net sales break down by family of products as follows:
- corking products (70.2%): primarily high-tech cork stoppers for still wines, sparkling wines, and fortified wines, for the Diam and PIETEC lines;
- cooperage (29.8%): casks, barrels, tanks, drums and alternative products (powders, wood chips, and staves) marketed under the Seguin Moreau, Boisé, Tonnellerie Millet, Fine Northern Oak and Galileo brands.
Net sales are distributed geographically as follows: France (28.7%), Europe (39%), America (25.1%), Oceania (1.7%) and other (5,5%).
OENEO 
