# BIC acquires Djeep lighter manufacturer for €40M

BIC has offered €40 million to acquire 100% of Djeep, a French lighter manufacturer with €14 million in annual revenue. The deal includes potential additional payments based on sales growth and marks BIC's first acquisition in the lighter segment.

- Type: Acquisition
- Announced: 2020-06-17
- Where: Guidel, Brittany, France
- Value: $45.0M (40.0M EUR)
- Status: announced
- Products: lighters

## Companies

- [BIC](https://endata.com/companies/47941.md) (acquirer)
- [Djeep](https://endata.com/companies/47942.md) (target)
- [Harmeur](https://endata.com/companies/47943.md) (partner)

## Sources

- [capitalfinance.lesechos.fr](https://capitalfinance.lesechos.fr/deals-m-a/small-cap/bic-debourse-40-m-pour-soffrir-les-briquets-djeep-1215924), 2020-06-17: "Le groupe coté sur Euronext Paris a offert 40 M€ pour mettre la main sur l’intégralité du capital – un prix auquel pourrait s’ajouter des versements additionnels en fonction de la croissance de ventes de la cible."
- [globenewswire.com](https://www.globenewswire.com/news-release/2020/07/01/2056416/0/fr/BIC-Finalisation-de-l-acquisition-de-Djeep.html), 2020-07-01: "BIC annonce la finalisation de l’acquisition de la société Djeep pour un montant de 40 millions d’euros, et un complément de prix à verser en fonction de la croissance des ventes futures de Djeep."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.