Oeneo SA cancelled the acquisition of Sarl Scierie Parqueterie Cenci from the the Cenci family.
May 28, 2019
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Oeneo SA (ENXTPA:SBT) agreed to acquire Sarl Scierie Parqueterie Cenci from the the Cenci family on May 29, 2018. The acquisition is financed entirely in cash via a bank loan. Cenci generate approximately €5 million in yearly revenues. Headed up by the Cenci family, the existing operational management will continue to play a key role.
Oeneo SA (ENXTPA:SBT) cancelled the acquisition of Sarl Scierie Parqueterie Cenci from the the Cenci family on May 29, 2019.
Oeneo is the world's No. 1 of cooperage for winemaking and the world's No. 2 of wine corking products. Net sales break down by family of products as follows:
- corking products (70.2%): primarily high-tech cork stoppers for still wines, sparkling wines, and fortified wines, for the Diam and PIETEC lines;
- cooperage (29.8%): casks, barrels, tanks, drums and alternative products (powders, wood chips, and staves) marketed under the Seguin Moreau, Boisé, Tonnellerie Millet, Fine Northern Oak and Galileo brands.
Net sales are distributed geographically as follows: France (28.7%), Europe (39%), America (25.1%), Oceania (1.7%) and other (5,5%).
OENEO 
