(Microsoft Word - Communiqu351 acquisition LEJEUNE anglais) From wood to stainless steel: A complementary diversification through the acquisition of LEJEUNE

Saint-Romain, May 10th, 2016

TFF Group announces the acquisition of SAS LEJEUNE, a French manufacturer that specializes in the stainless steel wine industry

The merger will enable TFF Group to widen its offer by giving it a foothold in the world of high-end stainless steel cask making, an activity with a great deal of potential. It is a diversification that fits perfectly with the Group's strategy of finding growth opportunities in related trades and markets with a view to developing its global expansion.

Specialized in the field of stainless steel manufacturing since1975, the LEJEUNE family moved from the demanding world of food containers to cask-making, fast becoming a specialist in the design of the stainless steel tanks used in wine cellars.

Indeed through invention and technological innovation, the LEJEUNE company which is located near Saint Emilion, has become a leading player in stainless steel products for wine, through inventions such as the world's first floating-lid stainless steel tank.

With a staff of forty, this family company has an annual turnover of around € 5 million, much of which is earned in France, with a strong current operating margin that is in line with the Group's current standards.

According to Jérôme François, CEO of TFF Group:

"The LEJEUNE family will continue to support TFF Group in the development of this high-technology and high value-added field, with stainless steal containers providing perfect complementarity with our existing wood businesses. "

I have great confidence therefore in the success of this "marriage" which perfectly embodies the growth and diversification strategy of TFF Group. "

NYSE EURONEXT - EUROLIST B - FR0000071904 - Bloomberg TFF.FP - Reuters TEFE.PA

www.tff-group.com

TFF: Thierry SIMONEL, DAF PHI éconéo Vincent LIGER-BELAIR Tél : 03 80 21 23 33 Tél : 01 47 61 89 65

Tonnellerie François Frères SA published this content on 10 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 May 2016 08:37:14 UTC.

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