Faurecia to divest Acoustics & Soft Trim business to Adler Pelzer Group
Faurecia today announced that it has signed a Memorandum of Understanding for the sale of its Acoustics and Soft Trim (AST) division to the Adler Pelzer Group (APG), a worldwide leader in automotive acoustic and thermal components and systems.
The AST business represented sales of €385 million in 2019 within the Interiors Business Group and employs around 1,820 employees in 8 plants and one R&D center, all in Europe.
This project represents the best opportunity for the future development of AST and would create a global leader in acoustics and soft trim.
We have taken the decision to focus our investment on our core product lines within the Interiors Business Group for which we have global market and technology leadership. We believe that the best future for our AST division is within Adler Pelzer due to all the strong complementarities and Adler Pelzer’s market position.
We are extremely pleased to welcome AST to the Adler Pelzer family. With this acquisition, APG makes a further step towards its vision of becoming a worldwide leader in automotive acoustics, as an industrial investor with long term loyalty to automotive and proven track record of growth. There are strong commercial, industrial and operational complementarities and AST would be a strong contributor to our future growth.
Before signature of definitive agreements, this project will be subject to information and/or consultation of relevant employee representative bodies. Completion of this potential transaction will also be subject to clearance from relevant European antitrust authorities.