The Office Times

BIC looks to offload BIC Sport

BIC announces today that it has received an offer from Tahe Outdoors to acquire BIC Sport, its water sports subsidiary, for a total Enterprise Value between 6 and 9 million euros, contingent upon BIC Sport’s future financial results. The offer was presented to BIC Sport Works Council.

This transaction, expected to close by 31-December-2018, is consistent with BIC’s strategy to focus on its three categories (Stationery, Lighters, and Shavers) in order to reinforce its leadership position in its categories around the world.