FRANCE: Remy Cointreau parent eyes full control of Oeneo

By | 2 May 2013

The parent family of Rémy Cointreau is looking to take full ownership of wine stopper and cooperage group Oeneo.

Hériard Dubreuil has launched a bid valued at EUR175m (US$230.7m) for the rest of Oeneo. The family already owns around 38% of the company.

The bid, made via its investment vehicle, Andromède, is "designed to give Oeneo the means to pursue its development strategy”, said Hériard Dubreuil.

In a statement released today (2 May), Oeneo said that its board “considered the bid to be in the interests of the company”.

The takeover offer, which is valid for 25 days, also includes an investment project estimated EUR25m to increase production capacity of its Diam stopper to more than 1.5bn units annually.

Oeneo, which has a current stock market valuation of around EUR150m, reported a 2012-2013 turnover of EUR134.7m, a year-on-year increase of 5.2%.

Expert analysis

World Caps & Closures NEW Forecasts for 2016 & 2021 in 18 countries

This study analyzes the global cap and closure industry, with a detailed analysis of 18 countries. Products covered include plastic caps and closures (standard threaded, pressure screw, vacuum threaded, dispensing, unthreaded, child-resistant, and synthetic corks); steel and aluminum caps and closures (crown, roll-on, screw and lug, and other); and caps and closures made from other materials (rubber and cork). Markets for these products include beverages such as beer, carbonated soft drinks, and bottled water; food; pharmaceuticals; and other markets such as cosmetics and toiletries, household products, and automotive chemicals. An overview is presented by material, major market, geographic region, and major country.

Sectors: Mergers & acquisitions, Wine

Companies: Cointreau

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