Cauris Croissance has sold its stake in Eau Technologie Environnement (ETE) to Moroccan company Les Eaux Minérales d’Oulmès (LEMO), marking a strategic move aimed at enhancing ETE's capabilities in the bottled water industry.

Target Company Information

Eau Technologie Environnement (ETE) is a prominent Beninese company specializing in the production and distribution of bottled mineral water, marketed under the brand FIFA Ste Luce. Since 2007, when Cauris Croissance invested in the company, ETE has seen significant advancements in its production capabilities and operational strategy. The investment facilitated modernization efforts, enhanced the sales force, and established efficient distribution channels, positioning ETE as a key competitor in the bottled water landscape in Benin while also enabling it to export to neighboring countries such as Burkina Faso, Niger, Nigeria, and Togo. ETE is ISO 9001:2008 certified and has received the UEMOA quality award in 2012 and 2014.

Industry Overview in Benin

The bottled water industry in Benin has experienced growth in recent years, driven by increasing demand for safe drinking water and a rise in health consciousness among consumers. This sector is characterized by a mix of local and international companies competing for market share, with bottled water becoming an essential product for both consumers and businesses alike.

One of the trends influencing this industry is the increasing urbanization and population growth, which has escalated the need for convenient access to safe drink