Beissbarth Group For Sale

Beissbarth Automotive Group (BAG) is up for sale, German sources have reported. A number of bidders are said to be interested in the acquisition, although it is not clear which one is most likely to succeed. BAG is a 100 per cent subsidiary of French Company Facom and itself owns some well-known names including Zippo, Fog and Sicam in addition to Beissbarth GmbH. Former BAG managing director, Jean-Loup Bourjot is said to have made an offer together with another unspecified investor. This is why Mr Bourjot stepped aside from the position of managing director. Consequently Facom CEO, Thierry Paternot, will temporarily lead BAG.