(BFM Bourse) – Listed on the Stock Exchange since 1988, the agri-food group Tipiak is preparing to leave the Parisian market as it is the subject of a takeover offer from the Terrena agricultural cooperative. Like Tipiak, other companies known to the general public are present on the stock market without anyone suspecting it. Overview.
Tipiak known for his famous line “Tipiak, Pirates!” chanted by three ladies wearing bigoudènes is preparing to turn its back on the Paris Stock Exchange, where it has been listed since 1988. From next year. It should therefore join other flagship French companies which have also chosen to leave the Parisian market, such as Afflelou, Labeyrie, Gifi or more recently Vilmorin which said goodbye on August 1st.
Founded in 1967, this company resulting from the merger of two companies, Maison Groult and Etablissement Billard, will be purchased by the agricultural cooperative Terrena.
Remember that the group specializes in the food industry with two sectors, cold (aperitifs, cocktails, ready-made and frozen meals) and hot (groceries, cereal dishes, puff products to garnish). Last week, Tipiak announced that its majority shareholders had entered into exclusive negotiations with Terrena to transfer a large controlling block representing 78% of the capital. The cooperative will buy back this block at 88 euros per share, which represents a premium of just over 30% compared to the last listed price on October 27.
Terrena will subsequently file a mandatory simplified public purchase offer on the balance of the capital remaining on the stock exchange, but it only needs to have 90% of the capital to be able to delist Tipiak. If successful, Tipiak will therefore leave the Paris Stock Exchange next year… If Tipiak is thus doomed to bid farewell to the Parisian stock market, another player in the agri-food industry well known to the general public has not issued for moment no desire to leave: Fleury Michon.
Fleury Michon: a family story
Fleury Michon is first of all the story of a family from Vendée. In 1905, Félix Fleury joined forces with Lucien Michon, his brother-in-law, a meat merchant. In 1954, Fleury Michon improved the quality of ham by inventing slow cooking of ham under vacuum.
Twenty years later, the company created fresh ready-made meals, slowly cooked sous vide at low temperature, drawing inspiration from its invention for cooking ham.
In 2000, Fleury Michon entered the second market of the Paris Stock Exchange with a view to financing development in new markets such as out-of-home catering. To date, the stock is trading at its historic lows, penalized by the sharp rise in raw material costs.
Exacompta Clairefontaine: it’s not just Bic
The start of the school year is now a long way off, but the mention of the Clairefontaine brand can still give parents a cold sweat, and this has been the case for many decades, if not centuries. The Clairefontaine paper mill was founded in 1858 in Etival-Clairefontaine, in the heart of the Vosges forests by Jean-Baptiste Bichelberger. In 1928, his great-grandson, Charles Nusse, created a workshop in Paris to print then serially bind accounting registers and then manufacture diaries under the Exacompta brand. At the end of the Second World War Charles Nusse developed Clairefontaine and offered qualitative notebooks, “whose soft writing paper, solid and cheerful covers contrast with the poor articles of the time”, we can read on the site internet of the Exacompta Clairefontaine group.
In 1996, the group went public under the name Exacompta Clairefontaine and a year later, in 1997, it bought the Rhodia stationery company. To date, Exacompta Clairefontaine brings together 35 brands, the best known of which are Clairefontaine, Rhodia and Quo Vadis. The group has been facing a reduction in paper consumption for around fifteen years, hampered by the emergence of digital technology in everyday life. So the group is multiplying initiatives to adapt to these new uses. The company recently bought the young company Papier Tigre, “which had set itself the objective of dusting off the world of stationery thanks to modern and high-end products”, explains BFM Business.
Piscines Desjoyaux: in the stock market bath
With more than 3 million swimming pools, France is the second most equipped country in the world behind the United States. And it was also in France that the Piscines Desjoyaux group was born, in the mid-1960s. The beginning of this story is an anecdote. Gifted with his hands and good at masonry, Jean Desjoyaux built his first swimming pool for his children. Over time, he perfected his know-how and developed pipe-free filtration, a major innovation at the time which contributed to the growth of the swimming pool market for individuals.
Piscine Desjoyaux is currently the world’s leading in-ground swimming pool construction network with 182 concessions in France and a presence in 80 countries. Listed since April 28, 1992 on the Paris Stock Exchange – after nine months listed on the “off-list” or the ancestor of Euronext Access – the family group was able to conquer households with its “8×4” swimming pools (8 meters by 4 meters). The brand is at the origin of the democratization of the swimming pool by the marketing in 1994 of a standard model adapted to the joys of water with the family. Having become the brand’s core business, the private family swimming pool range ranges from entry-level ready-to-install kits to highly equipped luxury swimming pools.
The title had been one of the flagship values of confinement. Between March 2020 and the end of 2021, Piscines Desjoyaux had tripled in value on the Paris Stock Exchange, going from 10 to 30 euros over the period. Before losing its entire lead and now evolving at its pre-Covid levels.
Other companies known to the general public are also listed on the Paris Stock Exchange, such as Placoplatre, the plasterboard specialist which is listed on Euronext Access (formerly Marché Libre). This file is a bit of stock market curiosity. Exchanges on the title are infrequent, the last ones date back to October 19 with only 5 titles changing hands during this session at a unit price of 545 euros. Also, the float is reduced to its strict minimum at 0.21%. Indeed, 99.79% of the plasterboard pioneer is owned by Saint-Gobain, which has had a stake since 2005.
Sabrina Sadgui – ©2023 BFM Bourse
Are you following this action?
Receive all the information on FLEURY MICHON in real time: