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

AUTOMOTIVE EQUIPMENT

As the effects of these regulatory pressures are felt in the market, Plastic Omnium, a major automotive equipment supplier, actively supports its customers in complying with new emissions regulations.

With an international footprint, operating in key major markets, Plastic Omnium serves automakers through its capacity for innovation, focused on vehicle light- weighting, design freedom and emissions reduction.

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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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