Faurecia SE

M&A Activity • Nov 23, 2010

Nanterre, November 23, 2010

Faurecia to acquire Angell-Demmel Europe GmbH in strategic move to strengthen its Interior Systems technology leadership

Faurecia has signed today an agreement to acquire the assets of Angell-Demmel Europe GmbH – the global market leader for real-metal automotive interior trim parts. Once the deal is completed, Angell-Demmel will join the Faurecia Interior Systems business group, to further strengthen its technology leadership in complete automotive interior solutions.

Based in Lindau (Germany) and operating two manufacturing plants, Angell-Demmel Europe GmbH posted 9 months 2010 sales of EUR 55 million, of which 90% with leading German automakers Audi, BMW, Daimler, Porsche and Volkswagen. It employs some 800 people at two industrial sites in Lindau and Kennelbach (Austria) and one design, development and prototyping center in Lindau.

With this acquisition of Angell-Demmel Europe GmbH, Faurecia Interior Systems:

• reinforces its established business relationship with German premium customers: Audi, BMW, Daimler and Porsche;
• enlarges its product and technology offering to include real-metal interior trim parts and acquires additional expertise in the production of high value-added decoration parts, a complementary and highly synergetic activity reinforcing its current worldwide leading automotive interior positions.

Yann Delabrière, Chairman and Chief Executive Officer of Faurecia, stated: "This new consolidation deal is a perfect fit to complement the activity of Faurecia Interior Systems. It will be better positioned to supply its customers with the most advanced decorative trims expected to enhance premium attributes and perceived quality."

The cash-out for the acquisition of Angell-Demmel Europe GmbH industrial assets (excluding tooling) and customer contracts amounts to approx. EUR 12 million, it depends on adjustment mechanisms to be applied at closing of the deal. Since this acquisition is subject to obtaining approval of the Austrian and German anti-trust authorities, the closing is expected to be effective by January 1, 2011.

About Faurecia

Faurecia is the world's #6 automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2009, the Group posted pro-forma sales of 11.3 billion euros, including Emcon Technologies and Plastal Germany. It employs 62,000 people in 32 countries at 200 sites and 33 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information, visit: www.faurecia.com

Contacts

Media Olivier Le Friec Media Relations Manager Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 olivier.lefriec@faurecia.com Analysts/Investors Eric-Alain Michelis Investor Relations Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 64 64 61 29 eric-alain.michelis@faurecia.com