Gimeg was sold to Trigano
Gimeg, a leading wholesaler in the camping and leisure market, has been fully sold to publicly traded Trigano from France. The acquisition by Trigano allows both brands to further strengthen its market position in Europe. PhiDelphi has advised the owners of Gimeg on the transaction.
Harald Miedema, Partner at PhiDelphi Corporate Finance about the sale: “After our successfull transaction in 2020, Gimeg has continued to grow and exceeded initial forecasts for 2022. We were very pleased to be working again with the owners of Gimeg and wish them well in their future endeavours.”
Frank Gijsberts, CEO and co-owner of Gimeg, about the partnership with Trigano: “I am very proud of the team that has worked very hard over the past years to make Gimeg a success and the recent relationship with Trigano that has already resulted in so many opportunities. I see further opportunities coming in our direction which we now want to seize. Working more closely with Trigano will accelerate and further boost our international strategy. I look forward to working together with both Trigano and our employees in the coming years to give direction to this growth“.
Gimeg (www.gimeg.nl) 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, Gimeg has strong own brands in the camping and leisure market. Furthermore, with Livin’flame, Livin’outdoor and Cosi, Gimeg has strong own brands in the indoor and outdoor fireplaces market. In addition to its own brands, Gimeg has several exclusive brands such as Truma, Westfield, Milenco and wholesale brands in its portfolio. With these, 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. For the future, Gimeg expects to achieve further international sales growth by focusing on its strong own brands. Gimeg employs c. 60 employees.
Trigano (www.trigano.fr) 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 c. EUR 3 billion. In 2022, Trigano realised a turnover of EUR 3.2 billion with a profit of EUR 70 million. The company has more than 11,000 employees.