Terraco, a Varoise based company specializing in the manufacturing of promotional textiles, has reached a significant milestone in its development. After more than 15 years in business, Terraco is committed on a strategic phase of transformation as it prepares to hand over the company. Founded by Philippe Brin and Nathalie Ric-Desmoulins, the company has mostly been led by this couple, marking an era of success and innovation.
As part of its restructuring, Terraco has leveraged the expertise of AURIS Finance to orchestrate a Buy-In Management Buy-Out (BIMBO) operation, facilitating the integration of Olivier Plagnol, accompanied by Entrepreneurs & Finance, as the new CEO. This transition goes hand-in-hand with the continued presence of Nathalie Ric-Desmoulins and Sonia Gomes in the management team, guaranteeing continuity and the contribution of their financial and operational expertise.
The strategic investment from Connect Pro, a Marseille based fund, to support Terraco’s development project will enable Olivier Plagnol to implement his plan to double sales. This will be achieved by capitalizing on organic growth of 10% annually, diversifying the product range and exploring new international opportunities.
The financing of this operation combines equity and senior debt, with the support of Caisse d’Épargne Côte d’Azur, Société Générale and BNP Paribas, providing Terraco with a robust financial structure to support its future growth. The company, employing 100 people and mainly manufacturing in Portugal, is recognized for its commitment to social and environmental responsibility, offering products such as tote bags, toiletry kits and aprons made from organic or recycled materials.
