M&A Deal Summary

Tahe Outdoors Acquires BIC Sport

On January 2, 2019, Tahe Outdoors acquired consumer products company BIC Sport from Societe BIC

Acquisition Highlights
  • This is Tahe Outdoors’ 1st transaction in the Consumer Products sector.
  • This is Tahe Outdoors’ 1st transaction in the United States.
  • This is Tahe Outdoors’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-01-02
Target BIC Sport
Sector Consumer Products
Buyer(s) Tahe Outdoors
Sellers(s) Societe BIC
Deal Type Divestiture

Target

BIC Sport

West Wareham, Massachusetts, United States
BIC Sport is a provider of include surfing, kayaking, junior racing dinghies and stand up paddleboarding products. BIC Sport is based in West Wareham, Massachusetts.

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Buyer(S) 1

Buyer

Tahe Outdoors

Viimsi, Estonia
Category Company
Founded 1989
Sector Consumer Products
Employees90
DESCRIPTION

Tahe Outdoors is an European watersports company offers a full range of kayaks, canoes, paddles and related accessories under five brands: Tahe Marine, Egalis, Zegul, Trapper and Beluga. Tahe Outdoors was founded in 1989 and is based in Viimsi, Estonia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Societe BIC

Clichy, France
Category Company
Founded 1944
Sector Consumer Products
Employees10,322
Revenue 2.3B EUR (2023)
DESCRIPTION
Bic product display at a Walgreens pharmacy in Duluth, Minnesota.
Bic product display at a Walgreens pharmacy in Duluth, Minnesota.

Societe BIC is a manufacturer of office supplies, stationery, lighters and razors. Societe BIC was founded in 1944 and is based in Clichy, France.

DEAL STATS #
Overall 3 of 4
Sector (Consumer Products) 2 of 2
Type (Divestiture) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Koozie Group

Clearwater, Florida, United States

Koozie Group designs, creates, and produces reliable products and offers services that support and build brand legacies. Koozie Group was founded in 1969 and is based in Clearwater, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Djeep

Paris, France

Founded in 1973, Djeep is a manufacturer of quality lighters and operates in Brittany, France. 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.

Buy €40M
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