FRANCE - IPO backs clothes horse business

The deal also means the exit of Siparex developpement and CIC Régions Expansion, which had backed the company's growth alongside IPO in 1996.

Herby was originally a manufacturer of oven and barbecue grills, but re-oriented its products offering because of poor results. The company now has 125 staff in France and Morocco and generated a turnover of EUR 11m in 2005.

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• Expansion
• France