SEB Alliance Invests in CASTALIE
04 Juin 2020 - 8:00AM
Business Wire
Regulatory News:
SEB Alliance, Groupe SEB’s corporate venture arm, announces
having taken a minority stake in CASTALIE, a company that designs
and markets micro-filtered water fountains for companies and
restaurants, alongside the funds Amundi F&S, RAISE Impact and
Ring Capital within a total fundraise of €13.5 million.
CASTALIE offers its customers a comprehensive service, offering
water fountains, containers, accessories and maintenance services.
They can thereby produce their water in-house from tap water, which
is micro-filtered by eco-friendly, contemporary water fountains.
The water is bottled on the consumer’s premises in reusable
containers (bottles, glasses, etc.). As a result: no distance to
cover between the source and the place of consumption and no
plastic waste generated.
Thibault Lamarque, Chairman and founder of Castalie, stated:
“The company was created from my revolt against the
omnipresence of plastic bottles, which are an ecological disaster
for our planet, when there are so many alternatives. We are happy
to continue the expansion of CASTALIE with our financial and
industrial partners which will enable us to complete our economic
transition. Thanks to their help, we will be able to make progress
faster and make both private individuals and corporate customers
aware of the sustainable solutions that exist to change their
purchasing habits. Our target over the next two years is to avoid
the use of 100 million plastic bottles.”
Thierry de La Tour d’Artaise, Chairman and CEO of Groupe SEB,
commented: “Groupe SEB is present in the daily lives of
consumers throughout the world. Our objective is to always stay one
step ahead and to accompany them as lifestyle and consumer habits
change. This is why we have decided to support Castalie, which,
with its innovative microfiltration system, offers a genuine
alternative way to consume water and reduce plastic waste. Groupe
SEB and Castalie are both committed players in the circular
economy. At SEB, eco-design and the promotion of products like mugs
instead of plastic cups are key growth areas. Castalie is a perfect
fit with the SEB Alliance strategy, which aims to identify and
invest in promising companies that offer innovative solutions in
line with our core business. We are committed to supporting French
businesses and want to play a role in supporting alternative
consumer habits that will help us to build a better future.”
About SEB Alliance
Groupe SEB created the SEB Alliance corporate venture arm in May
2011 to follow trends in the small domestic equipment market and in
an open innovation approach destined to cover new technologies and
expertise. With initial capital of €30m, SEB Alliance is both an
investment structure and a tracker of technological
developments.
Since its foundation, SEB Alliance has made over 15 direct
minority investments, notably in the following 3 areas: digital,
health/ wellness and sustainable development. SEB Alliance has also
invested in several thematic venture capital funds. For more
details go to: https://www.groupeseb.com/en/seb-alliance
Next key dates
July 23 | before market opens
H1 2020 sales and results
October 26 | after market closes
9-month 2020 sales and financial
data
Find us on… www.groupeseb.com
World reference in small domestic equipment, Groupe SEB operates
with a unique portfolio of 30 top brands including Tefal, Seb,
Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor,
marketed through multi-format retailing. Selling more than 350
million products a year, it deploys a long-term strategy focused on
innovation, international development, competitiveness and service
to clients. With products being present in over 150 countries,
Groupe SEB generated sales of approximately €7.3 billion in 2019
and had more than 34,000 employees worldwide.
SEB SA ■ SEB SA - N° RCS 300 349 636
RCS LYON – with a share capital of €50,307,064 –
Intracommunity VAT: FR 12300349636
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version on businesswire.com: https://www.businesswire.com/news/home/20200603005968/en/
Investor/Analyst Relations Groupe SEB Financial
Communication and Investor Relations Isabelle Posth
Raphaël Hoffstetter comfin@groupeseb.com +33 (0) 4
72 18 16 04
Media Relations Groupe SEB Corporate Communication
Dept Cathy Pianon Caroline Philips
com@groupeseb.com +33 (0) 6 33 13 02 00 +33 (0) 6
49 82 28 45
Image Sept Caroline Simon Claire Doligez
Isabelle Dunoyer de Segonzac caroline.simon@image7.fr
cdoligez@image7.fr isegonzac@image7.fr +33 (0) 1
53 70 74 70
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