Home / Daily Briefs / 2023 / 15 / Edding sells Argentine unit

Edding sells Argentine unit

Edding sells Argentine unit

March 15, 2023 | Charles Newbery
German pen maker says exit will improve results by reducing risk

M&A Argentina Germany

Edding, a German pens and permanent markers maker, said it has sold its operations in Argentina, as it pulls out of Latin America. The buyer is Facundo Mendizabal, the local owner of Parallel, a distributor of international brands like Chicco children's clothing and toys and Stanley thermoses, Edding said in a press release. Edding said it sold the business for $1, plus recoverable current assets like accounts receivable and inventories. Edding began to exit Latin America in 2021, adding that si

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