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Contact

Relations investisseurs

Michèle Ventura
+33 1 45 19 52 98

Sophie Palliez-Capian
+33 1 45 19 52 26

Relations presse

Isabelle De Segonzac
+33 1 53 70 74 70

Albane De La Tour d'Artaise
+33 1 45 19 51 51

COMPANY DETAILS

Company name

BIC

SIRET

55200844300079

ISIN

FR0000120966

Address

14, rue Jeanne d'Asnières
92611 Clichy

Phone

01 45 19 52 00

Fax

01 45 19 52 04

Compartment

A

Industry

Produits ménagers non durables

Website

www.bicworld.com

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BIC

BIC

Company : BIC ISIN : FR0000120966
Document type : Communiqués d'information permanente/Vie de l'entreprise
Publication date : 16/06/2020 17:45:00

Compartment : Compartiment A
Wire : Thomson Reuters ONE

BIC Acquires Djeep to Enhance its Leadership in the Global Pocket Lighters Market

BIC Acquires Djeep to Enhance its Leadership in the Global Pocket Lighters Market

FOR IMMEDIATE RELEASE

BIC Acquires Djeep to Enhance its Leadership in the Global Pocket Lighters Market

Clichy, France -16 June 2020 - BIC announced today that it has signed an agreement to enter exclusive negotiations to acquire Djeep for 40 million euros, and a deferred consideration based on Djeep future sales growth1. This acquisition project aims at strengthening BIC's position in the pocket lighters market and offers substantial growth opportunities in Europe and North America. Closing of the acquisition is expected during the third quarter of 2020.

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. It has become a key supplier to the decorated lighters market segment thanks to its large tank shape.

"The acquisition of Djeep will strengthen BIC's leadership in safety-compliant branded pocket lighters. With their unique shape, Djeep lighters are a strong addition to BIC's existing portfolio. The combination of Djeep's creative product design and on-demand production skills with BIC's iconic lighters and long production runs model will expand both companies' innovation, marketing, and global manufacturing capabilities." noted Gonzalve Bich, BIC Chief Executive Officer.

This acquisition will:

      ·Sustain growth by broadening BIC's product portfolio

Djeep lighters are renowned for their distinctive patented design that includes a large tank shape, flat push button, and high-quality sleeve design. Their compelling visual impression provides marketing opportunities in-line with BIC's trade-up strategy and focus on personalization, adding new revenue streams.

      ·Enhance BIC's high-quality and safety consumer value proposition

As it is the case for BIC, consumer safety has always been the top priority for Djeep management. As a result, this acquisition will strengthen BIC's leadership in safety-compliant branded pocket lighters.

      ·Create long-term value through operational and commercial synergies

Djeep operational margins are close to BIC Lighter category’s level, and the combined strengths of Djeep and BIC will generate synergies, generating distribution and profitable growth opportunities for both in Europe, and North America. In addition, both organizations will be able to expand their product portfolios.

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, visit www.bicworld.com or follow us on LinkedIn, Instagram, Twitter, or YouTube.

CONTACTS

Sophie Palliez-Capian – VP, Corporate Stakeholder Engagement
Investor Relations Contact:Press Contacts
Sophie Palliez-Capian + 33 6 87 89 33 51

sophie.palliez@bicworld.com
Albane de La Tour d’Artaise  + 33 7 85 88 19 48 Albane.DeLaTourDArtaise@bicworld.com
 Isabelle de Segonzac : + 33 6 89 87 61 39 isegonzac@image7.fr

2020 AGENDA – ALL DATES TO BE CONFIRMED

First Half 2020 resultsJuly 29th, 2020Conference call and Webcast
Third Quarter 2020 resultsOctober 28th, 2020Conference call and Webcast
Full Year 2020 resultsFebruary 17th, 2021Meeting and webcast






1 Pursuant to Section L23-10-1 of the French Code de Commerce (Hamon Law), the Djeep employees temporarily have the ability to make an offer to acquire the Company.



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