PARIS (Agefi-Dow Jones)–Manufacturer of stationery, lighters and razors Bic announced on Tuesday that it has completed the acquisition of the Canadian company Inkbox for an amount of 65 million dollars (about 57 million euros). euro).
The operation was announced in mid-January. In addition to the initial price, the agreement provides for the payment by Bic of a supplement, the amount of which will depend on the future growth of Inkbox’s turnover and profitability. The company’s financial results will be consolidated from February 1, 2022, Bic said in a statement.
Founded in 2015, Inkbox designs and produces semi-permanent tattoos that it distributes in 80 countries. In 2021, the company achieved revenue of $27 million, 67% of which was in North America. It plans to generate a gross operating surplus (Ebitda) from 2024.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
February 01, 2022 12:09 ET (17:09 GMT)