M&A Activity • Sep 3, 2012
M&A Activity
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Nanterre, September 3, 2012
Faurecia announces the acquisition, effective August 30, 2012, of Plastal France (Plastal S.A.S.), the sole supplier of plastic body parts for the smart brand (Daimler) of city vehicles. This deal follows the previous acquisitions of Plastal Germany and Plastal Spain in 2010. The acquisition covers the manufacturing and assembly plant and its operational headquarters located in Hambach (France). This activity generates annual sales of around EUR 50 million with a total staff of 250.
This acquisition represents a further expansion of Faurecia's expertise in the field of plastic exterior body parts, a technology which smart has been using successfully over the last 15 years. The body parts are made of injected thermo-plastic using the Mold in Color (MIC) technology employing color-pigmented polypropylene, available in five different shades, which is then lacquered before final assembly.
Yann Delabrière, Chairman and CEO of Faurecia, stated: "This acquisition, which is aligned with the Group's financial objectives, further reinforces the European leadership of Faurecia Automotive Exteriors and enables Faurecia to strengthen its business relationship with its customer Daimler."
Faurecia is the world's sixth-largest automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2011, the Group posted total sales of €16.2 billion. At December 31, 2011, Faurecia employed 84,000 people in 33 countries at 270 sites and 40 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information, visit: www.faurecia.com
Media Olivier Le Friec Head of Media Relations Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 [email protected] Analysts/Investors Eric-Alain Michelis Director Financial Communications Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 64 64 61 29 [email protected]
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