The world’s leading manufacturer of home beverage carbonation systems, SodaStream International Ltd. completes the 100% acquisition of the share capital of OPM France SAS which is its exclusive distributor in France. SodaStream International purchased OPM France SAS for €17.5 million ($21.7 million) which is subject to customary post- closing price adjustments.
According to Daniel Birnbaum, Chief Executive Officer of SodaStream:
“We are excited to have completed the acquisition of our French distributor. We have long viewed France as a strategically important market with tremendous growth potential. I am confident that under the direction of our European leadership team, we can reignite demand for our home carbonation system and significantly increase household penetration from current levels.”
The number one sparkling water brand in volume in the world, SodaStream is also the leading manufacturer and distributor of Sparkling Water Makers. Founded in 2002 and headquartered in New Jersey, USA, Sodastream offers home soda makers, sodamix flavors, carbonators, and bottles and accessories which it provides through its retailers.
About OPM France SAS
Founded in 2002, OPM France is involved in the distribution of household appliance products. OPM France distributes household electrical accessories to GSA, GSS and retailers with an aim to improve the daily lives of the French with innovative small appliances.