InterOcean Congratulates The Nivet Group on its Recent Acquisition

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InterOcean congratulates The Nivet Group (“Nivet”) on its recent acquisition of Société Francilienne de Béton (“SFB”), a leading ready-mix producer operating in Paris, France and its surrounding areas.

Founded in 1991 by the Lopes family, SFB is the largest independent ready-mix concrete producer in the greater Paris area and one of a limited number of companies selected to participate in the ambitious Grand Paris Project, which aims to transform Paris into a major world destination and a 21st century city—one that is sustainable and provides improved quality of life for all of its residents.  The Grand Paris Project is the largest infrastructure project in Europe and the second largest in the world. In order to accommodate the anticipated increase in demand associated with the Grand Paris Project, Nivet plans to invest in additional production plants over the next few years to expand what is already a financially strong and extremely well-run operation.

The combination of Nivet and SFB is anticipated to generate significant long-term benefits across both organizations.  In particular, Nivet expects to realize meaningful cost reductions and efficiencies in its combined supply base as a result of this transaction.  Furthermore, the acquisition serves as a geographical expansion for Nivet, which already conducted aggregate, asphalt, ready-mix and construction services operations in Central and Western France.  Over time, SFB may serve as the platform for the introduction of other Nivet products and services to the greater Paris market.

Nivet remains firmly focused on growing through acquisitions in France and—more importantly—North America.  With this goal in mind, InterOcean Advisors LLC has been engaged to assist in identifying and pursuing opportunities in North America.  Please contact Nick Newlin, Managing Director (312-698-6918 / nnewlin@ioadvisors.com) if you wish to have a confidential discussion regarding a possible transaction.

 

About The Nivet Group

The Nivet Group is a family-owned holding company with approximately 1,250 employees across more than 25 entities located in Western and Central France.  The group’s operations are vertically integrated, with its principal activities consisting of the production of aggregate, asphalt and ready-mix, and the provision of contracting, waste management, recycling and materials laboratory services. For more information, visit www.nivet.fr.

About Société Francilienne de Béton

SFB is a leading provider of ready-mix concrete to building and road construction clients in the greater Paris metropolitan area.  The company operates logistics platforms on both the Seine and Marne rivers, and produces more than 450,000 cubic meters/year from four fixed and four mobile production plants.  As of July 31, 2019, SFB operates as a subsidiary of The Nivet Group.

About InterOcean Advisors LLC

InterOcean Advisors is a Chicago-based investment bank that provides mergers and acquisitions advisory services to industrials companies, with deep expertise in the construction materials and services industry. For more information, visit www.ioadvisors.com.