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Faurecia has signed today an agreement to acquire Plastal Spain (Plastal S.A.), a Tier 1
supplier of plastic exterior parts for the automotive industry.
This new acquisition, which adds to that of Plastal Germany finalized last March, enables
Faurecia Automotive Exteriors to complement its European industrial footprint and
consolidate its leading position on the market. The deal allows securing the production of its
customers, in particular Ford, SEAT, Volkswagen and IVECO, in the field of automotive
exteriors.
Plastal S.A. is present in Spain with four plants located in Barcelona, Tudela, Valencia and
Valladolid and which employ to date some 700 employees. In 2009, Plastal Spain delivered
1.2 million bumpers and generated sales of EUR 135 million.
Yann Delabrière, Chairman and Chief Executive Officer of Faurecia, stated: “This acquisition
is in line with Faurecia’s consolidation strategy: it reinforces the leadership of our
Automotive Exteriors activity, it is carried out with the support of our customers and is
aligned with the Group’s financial objectives”.
The acquisition of Plastal Spain is subject to obtaining approval of the European and Spanish
anti-trust authorities. It has been agreed not to disclose financial details of the deal.