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CSP: German wholesale distributor acquired

 CREATED originally by the local independent wholesale distributor of Oroblù merchandise, Oroblù Germany GmbH was acquired by CSP International, the Italian group that owns the brand as well as the Sanpellegrino, Lepel, Le Bourget, Liberti, Well and Cagi labels. The sales company that generated sales of EUR 2.2m in 2013 was valued at EUR 0.845m, payable cash in three instalments over a year. The acquisition was prompted by CSP’s desire to exploit the German market more effectively for all its brands.

 

Oroblù by CSP

Oroblù by CSP

With a population of over 80m, Germany is the EU’s largest market for legwear and bodywear, which well merits CSP’s attention.

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