M&A Activity • Mar 31, 2010
M&A Activity
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Nanterre, March 31, 2010
After obtaining approval by the European Commission, in terms of competition, and finalizing contractual agreements, Plastal Germany today officially joins Faurecia Automotive Exteriors which becomes the new European leader for automotive exterior parts.
The integration of Plastal Germany is immediate within Faurecia Automotive Exteriors as its Northern Europe Division.
Based in Weissenburg (Germany), Plastal Germany posted 2009 sales of EUR 408 million with nine car manufacturers, among which Audi, BMW, Daimler, Ford, Porsche and Volkswagen. It employs 2,000 people at six industrial sites and one R&D center in Germany.
The cash-out for the acquisition of Plastal Germany's industrial assets and customer contracts is EUR 33 million.
Faurecia is one of the world's leading (# 5 worldwide) automotive equipment suppliers with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2009, the Group posted sales of 9.3 billion euros. 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 Press Relations Manager Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 [email protected] Analysts/Investors Florent Couvreur Analyst & Investor Relations Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 61 48 29 64 [email protected]
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