B&S S A : May 15 | B&S Personal Care reaches agreement on acquiring 100% stake in a Dutch based confectionery concept company

B&S reaches agreement on acquiring Dutch based confectionery concept company

B&S Personal Care reaches agreement on acquiring 100% stake in a Dutch based confectionery concept company

Mensdorf, Luxembourg - May 15, 2024 (07:00 CET)

B&S Group S.A. ("B&S") a company in the consumer goods industry, today announces it has reached agreement on the acquisition of a 100% stake in a Dutch based concept company ("the company").

We are pleased to inform that our Personal Care Segment has reached agreement on the acquisition of a 100% stake in Tastemakers Holding B.V. ("Tastemakers"). The acquisition price amounted to € 7 million on a debt and cash free basis.

Tastemakers is a concept developer and distributor of confectionery and other food items in the corporate gifting market, based in the Netherlands. The company partners with key brands based on co-branding and develops new concepts and products inhouse. In 2023, the company reported a turnover of approx. € 13 million and an EBITDA of € 1.2 million.

Strategic rationale

The strategic rationale of the transaction is embedded in the purchasing network, the industry experience and the product development knowledge the company brings. Furthermore we expect synergy benefits from projected cross selling.

This press release contains information within the meaning of Article 7(1) of the Market Abuse Regulation.

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About B&S

B&S exists to make premium consumer goods available to everyone, anywhere. We believe that getting access to consumer products that bring joy and comfort into everyday lives, should be easy around the globe. With our ever-growing international network and physical local presence, we bring suppliers, brand owners, logistics partners, wholesalers, retailers and consumers all over the world together that are in many ways difficult to connect.

We work with the world's premium consumer brands in beauty, liquors, personal care, food, health and consumer electronics to serve millions of consumers daily - either directly or through our wholesaler and reseller partners. Powered by our high-tech platform and arising from supply chain expertise, we provide sourcing, warehousing, distribution, digital commerce, marketing and brand development solutions that enhance choice, speed up delivery, drive conversion and increase reach.

Additional information can be found on our websiteand on LinkedIn.

Forward Looking Statements

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