SodaStream Acquires French Distributor OPM France for EUR 17.5m.
M2 EQUITYBITES-February 6, 2018-SodaStream Acquires French Distributor OPM France for EUR 17.5m
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6 February 2018 - Israel-based sparkling water brand manufacturer SodaStream International Ltd. (NASDAQ: SODA) has finalised the acquisition of 100% of the share capital of its France-based exclusive distributor OPM France SAS for EUR 17.5m (USD 21.8m), the company said.
Additional terms of the transaction were not disclosed.
SodaStream said it views France as a strategically important market with tremendous growth potential.
The company said it expects to reignite demand for its home carbonation system and increase household penetration from current levels.
SodaStream is a home beverage carbonation systems manufacturer sparkling water brand and manufacturer and distributor of sparkling water makers.
The company's products are available at more than 80,000 individual retail stores across 45 countries.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 6, 2018|
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