Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules

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-  26 June 2018

Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules

Having obtained authorization from the relevant competition authorities, Plastic Omnium today completed the acquisition of the German Group, Mahle's 33.33% equity investment in the joint venture, HBPO, up to now held equally by Plastic Omnium, Hella and Mahle-Behr.

Plastic Omnium now owns 66.66% of HBPO.
This acquisition was signed for an enterprise value of €350M, financed from the Group's own resources.
HBPO is the world leader in the development, assembly and logistics of automotive front-end modules with 20% of worldwide market shares.

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