€200 million sale to Flex|N|Gate of part of the business purchased from Faurecia is confirmed

INTELLIGENT EXTERIOR SYSTEMS

The worldwide market leader in exterior components and modules

Through its offer in the exterior body panels market, Plastic Omnium provides customized multi-material solutions with high added value that increasingly integrate functions and enhance safety to reduce vehicle weight and CO2 emissions.

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-  31 March 2017

€200 million sale to Flex|N|Gate of part of the business purchased from Faurecia is confirmed

Today, Plastic Omnium finalized the sale of seven European sites (four in France, one in Spain, two in Germany) to US-Based Flex|N|Gate Group. This disposal was required by the European Commission as part of the takeover of Faurecia Auto Exterior in July 2016. As previously announced, the deal was made for an enterprise value of €200 million.
The integration process of the scope retained by Plastic Omnium, which amounts to €1 billion in revenue, is proceeding on schedule, and its profitability improvement target has been confirmed.

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