COMPAGNIE DU BOIS SAUVAGE: Investment in Noël Group and Nomacorc 13-01-2015
Compagnie du Bois Sauvage, through its subsidiary Surongo America, Inc. (USA) subscribed at end of December 2014 to the capital increase of Noël Group, LLC (www.noelgroup.net) for an amount of USD 4.8 million. Its holding is maintained at about 30% of Noël Group, LLC.
At the beginning of January 2015, Noël Group (through its subsidiary at 80.7%, Global Vine, LLC) and Bespoke Capital Partners (www.bespokecp.com) acquired, in an equal partnership, 100% of the shares of Nomacorc, LLC (www.nomacorc.com) which they didn't hold yet.
Nomacorc is the world leader in synthetic corks. With 500 employees worldwide, the company produced over 2.4 billion corks in 2014 in its three production plants (USA, Belgium and China).
Nomacorc has recently introduced on the market the first "zero carbon footprint" cork made with a plant-based biopolymer derived from sugar cane.
Chief Financial Officer
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This press release has been translated into English. In the event of divergence, the French version shall be final.