Rosport represents more than 50% of the bottled water market in Luxembourg's catering industry, while competition is fierce in the retail sector. (Photo: Romain Gamba / Maison Moderne / Archives)

Rosport represents more than 50% of the bottled water market in Luxembourg's catering industry, while competition is fierce in the retail sector. (Photo: Romain Gamba / Maison Moderne / Archives)

Delano’s sister publication Paperjam has sourced an exclusive. Albert Reiffers has acquired 100% of mineral water company Sources Rosport for €2.6m. The current management team will remain in place for a smooth transition.

Albert Reiffers and his daughter Anne have spent €2.6m to take 100% control of Sources Rosport, its 28 employees and its special positioning as its products are only sold in Luxembourg.

Reiffers participated in 2001 in the split of Brasserie de Luxembourg Mousel-Diekirch into two companies, the first of which kept the name Diekirch to produce and sell beer and provide catering activities. The other company, M Immobilier, was set up to manage a real estate portfolio worth 688 million Luxembourg francs at the time (about €17m), which has now become €45m. M Immobilier established and managed the Rives de Clausen complex on the site of the former brewery, which has now become a favourite party district and also houses offices that include Microsoft and Amazon.

Covid and containment have particularly affected Sources Rosport, which has nevertheless managed to remain... afloat, seeing its profit fall from €1.6m in 2019 to €860,000 in 2020 before recovering to €939,000 last year. At the end of the summer, the company’s two directors, and Roger Gloden, were confirmed in their positions.

“We are delighted to welcome Mr Reiffers and his daughter, who have a wealth of experience in the beverage industry,” said Weber. “Mrs. Reiffers is very involved in the day-to-day business. We are going to refocus on our core business and more on the real estate business and that is a very good thing,” he continued. “Obviously, with the covid, 2020 and 2021 were very complicated because of the closures and the fact that the 200,000 cross-border workers worked a lot from home. 2022 will be much more positive with their returns and also because we had a very warm summer and the return of events like the Schuberfouer, concerts or festivals at the Moselle.”

This story was first published in French on . It has been translated and edited for Delano.