BIC sells PIMACO, its Brazilian Adhesive Label Business, to Grupo CCRR
15 Dezember 2020 - 7:45AM
BIC sells PIMACO, its Brazilian Adhesive Label Business, to Grupo
CCRR
BIC sells PIMACO, its Brazilian Adhesive
Label Business,to Grupo CCRR
Clichy, France– 15 December 2020 – BIC
announced today that it has signed a Purchase and Sale Agreement to
sell its Brazilian adhesive label business, PIMACO, to Grupo CCRR
for 40 million Brazilian Real (approximately 6.5 million
euros1).
This divestiture is consistent with BIC’s portfolio rotation
strategy and its focus on fast-growing consumer businesses such as
Creative Expression and Digital Writing. Acquiring the leading
domestic adhesive label manufacturer and distributor will
strengthen CCRR’s position in self-adhesive papers and films in
Brazil and Latin America and add to an already robust
portfolio.
The transaction must be approved by the Brazilian antitrust
authorities, and the closing is expected in the first quarter of
2021.
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ABOUT BICBIC 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,
visit www.bicworld.com or follow us on LinkedIn, Instagram,
Twitter, or YouTube.
CONTACTS
Sophie Palliez-Capian – VP, Corporate Stakeholder
Engagement sophie.palliez@bicworld.com |
Investor Relations |
Press |
Michèle Ventura + 33 1 45 19 52 98
michele.ventura@bicworld.com |
Albane
de La Tour d’Artaise +33 1 45 19 51 51
Albane.DeLaTourDArtaise@bicworld.com |
|
Isabelle de Segonzac : +33 1 53 70 74 85 isegonzac@image7.fr |
2021 AGENDA – ALL DATES TO BE CONFIRMED
Full-Year 2020 Results |
17 February 2021 |
Conference call and Webcast |
Q1 2021 Results |
28 April 2021 |
Conference call |
2021 AGM |
19 May 2021 |
Meeting |
H1 2021 Results |
29 July 2021 |
Conference call |
Q3 2021 Results |
28 October 2021 |
Conference call |
1 11 December 2020 ECB BRL/Euro rate: 6.1448
- PR_BIC_PIMACO Divestiture_15DEC2020
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