Manuel Champalimaud (GMC) and Novares have reached an agreement for the sale of the Novares European bezels & clusters business to the Portuguese group.
Acquisition of the decorative plastics and interface parts business (infotainment, instrument clusters and climate controls), subject to approval by the Portuguese Competition Authority, aims to strengthen the group’s position in the plastic components market for the automotive industry, where it already operates through GLN, in terms of technological capacity, innovation and production capacity.
GLN, headquartered in Leiria and with factories there and in Mexico, develops and makes high precision moulds and plastic parts.
Novares has decided to focus on its full design product line.
The unit it is selling has two factories in Portugal, in Leiria and Vendas Novas, and a R&D centre also in Leiria.