DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Hygiene Goods Manufacturer Ontex Returns To Market

By square1
Share this article
Hygiene Goods Manufacturer Ontex Returns To Market

Hygiene-products producer Ontex has returned to the stock market.

The company now has a public listing on the Euronext exchange and is being valued at €1.23 billion.

Ontex owners TPG and Goldman Sachs placed a final IPO price of €18 per share for the company.

The listing will raise €325 million for the firm with the funds being used to reduce company debt.

The private equity groups will retain its 45.1% stake in Ontex while its previous and current management will retain an additional 6.3% stake.

ADVERTISEMENT

Ontex was looking to grow both organically and through acquisitions, the Ontext chief executive CEO Charles Bouaziz.

He revealed how the company plans to acquire businesses with annual revenues of up to €200 million. Future acquisitions will involve branded businesses and growth markets.

Ontex obtains around 50% of its annual €1.5 billion revenue from nappies sales, around 33% from incontinence products, and about 13% from sanitary products.

© 2014 - European Supermarket Magazine

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.