Plastic Omnium received a binding offer for the sale of certain Faurecia Auto Exterior’s assets concerned by the decision of the European Commission
In accordance with the European Commission's decision to require Plastic Omnium to divest certain assets included in the recent acquisition of Faurecia Auto Exterior, the Group received a binding offer from US-Based Flex|N|Gate Group to acquire the 7 affected sites (4 in France, 1 in Spain and 2 in Germany), for an enterprise value of 200 million euros. On the basis of such offer, the Group has agreed to enter into exclusive discussions with Flex|N|Gate.
On July 11, 2016, Plastic Omnium was authorized to acquire Faurecia's Exterior Systems business subject to the disposal of certain assets. These assets represent approximately €700 million in revenue, split evenly between (1) the French and Spanish sites for the bumper business, and (2) the front-end module assembly business in Germany.Read more Send by email
Disposal project of the heavy duty truck business
Following the Plastic Omnium project to withdraw from its heavy duty truck business, the Group received on November 18, 2016 a binding offer from the German mutares Group for its acquisition.
This business of design and manufacture of body and structural parts for the heavy duty truck industry has more than 1,500 employees. In 2015 its revenue amounted to €190 million and represented about 2% of the Group's pro forma revenue.
Welcoming our shareholders
For the first time, Plastic Omnium organized a visit for shareholders in the international R&D center, α-Alphatech (Compiègne, France). Inaugurated by French President François Hollande in April 2016, this center is dedicated to the fuel systems and depollution technologies.Read more Send by email