Castel Group sells Ivorian water bottling business
Solibra, a subsidiary of Castel Group in Côte d’Ivoire, is streamlining its core business by selling its water bottling operation, which includes the Awa and Cristaline brands, to SDTM/Carré d’Or Group.
Since the early 2000s, Awa and Cristaline have been produced and distributed by Solibra, becoming leading brands in the Ivorian market. This sale aligns with Castel’s goal to reduce its reliance on plastic packaging and support glass production, reaffirming Solibra’s commitment to promoting returnable and recyclable packaging.
Throughout the transaction, Castel Group received advisory support from investment bank Enexus Finance, law firm Lacourte Raquin Tatar, Jean-Louis Dattié of Grant Thornton Côte d’Ivoire, and Me Florence Loan.