:. Food Industry News

Categories: Mergers and Acquisitions

France: The Castel Group Has Sold All its Water Business Operations to P. Papillaud

Source: Groupe Castel
10/05/2008

10 May 2008 - We can now confirm the sale of our water business to Mr Papillaud. This operation concerns the Alma group with its subsidiaries Neptune and CGES as well as the brand names St Yorre, Vichy Célestins, Thonon, Pierval, Chateldon, Courmayeur and Cristaline, Vernière, Rozana which are supplemented by regional brands.

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However, it is necessary to add that all existing distribution agreements with the Alma Group are maintained, most notably with the RHF and export departments.

 The Castel group is looking to refocus on its original Wine business and can strengthen its position based on opportunities.



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