Clearwater advises Gimeg on its sale to Trigano
Clearwater has advised Gimeg, a leading wholesaler in the camping and leisure market, on the sale of a majority stake to publicly traded Trigano, the largest producer of camping products in France.
With 50 employees, Gimeg is a leading importer and wholesaler in the camping and leisure market, as well as the indoor and outdoor fireplaces market. With Mestic and Travellife, the company has strong own brands in the camping and leisure market. With Livin’flame, Livin’outdoor, and Cosi, Gimeg also has strong own brands in the indoor and outdoor fireplaces market. In addition to these own brands, the company has several exclusive brands such as Truma, Westfield, Milenco, and wholesale brands, in its portfolio. As a result, a complete product range is offered to camping specialist shops, DIY chains, garden centres, and online retailers. Over the last few years, Gimeg has been able to realise substantial turnover growth in the Benelux and other countries. In the future, the company expects to achieve further international sales growth by focusing on its strong own brands, with this acquisition further strengthening its market position in Europe.
With more than 8,700 employees, Trigano is the largest producer of camping products and accessories in France. Based in Paris and operating all over Europe, the company, listed on Euronext Paris since 1998, currently has a market cap of more than €2bn. During 2018-2019, Trigano realised a turnover of €2.3bn, with a profit of €83m.
