Delta Plus Group: higher?

Photo credit © Reuters

( — Following the acquisition, in January 2020, of two significant players in the work boot sector in Europe, the Boots Company Group in Italy and the activities of Netco Safety in France, with the aim of accelerate its development in this product segment and become a benchmark player, Delta Plus Group announced this time the acquisition of 100% of the shares of Hunter Manufactura (Drypro) with the dual aim of consolidating the development of its “work boots” activity, and of initiating a geographical presence in Mexico, a country with strong growth potential.

Created more than 10 years ago in Zapopan (State of Jalisco in Mexico), Drypro designs and manufactures a range of high-end PVC work boots, intended in particular for the food industry. The company achieved during its last financial year, ended December 31, 2021, a turnover of 122 million Mexican Pesos (6 million euros), up 14% compared to 2020. It aims for the financial year 2022 a turnover of approximately 150 million Pesos (7.5 ME). Its operating profitability is announced to be similar to that of Delta Plus Group.
Thanks to its production unit, made up of three injection machines, Drypro produces 90% of its products sold and employs 45 people.

The title Delta Plus climbed 0.5% to 65.30 euros this Friday. Among the latest opinions from analysts, GreenSome Finance has adjusted the target from 101.6 to 103 euros while remaining buying on the file.


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