Ok, Ok, - not posting to my blog is driving me crazy. I hand wrote this post before I succumbed.
The following in from a news release dated May 19, 2004:
PARIS, May 19 /PRNewswire/ --
Effective today, BIC has acquired 100% of Stypen SA, a French manufacturer of writing instruments since 1934. Stypen, which specialises in refillable fountain pens, recorded sales of EUR 17m in 2003. The Company is present mainly in France.
This acquisition illustrates BIC's strategy to develop its stationery business in new segments. Stypen has a 10% share of the "school refillable fountain pen" category, one of the largest writing instrument segments in France today. In addition, Stypen has an attractive portfolio of licensed brands, as well as an imprinted business, which BIC will leverage to strengthen its position in Europe.