Adler Pelzer Group (APG) and Faurecia have reached an agreement to engage in exclusive discussions towards the acquisition of Faurecia Acoustics and Soft Trims (AST) by APG.
Faurecia AST operates in Europe, with industrial activities mainly carried out in plants in France; (Marckolsheim, Saint-Quentin, Mouzon, Mornac), Luxembourg; (Eselborn), the UK; (Washington), Spain; (Olmedo), Poland; (Legnica) and by the R&D centre in France (Mouzon) with around 1,820 employees and EUR385m (US$465m) sales in 2019.
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Adler Pelzer notes the acquisition can bring value to the interior market thanks to complementarity on customers, industrial and operational footprint:
- Improving intimacy to OEMs such as Stellantis and the Renault-Nissan alliance, thanks to the strong relationship capitalised by Faurecia AST along years of cooperation and presence in France and UK
- Complementing the above by a strong presence in East Europe, with know-how and footprint created by the strong foothold with German OEMs in Germany and East Europe, as well as with Stellantis in Italy and US
- Integrating in the APG worldwide R&D network an additional strong centre, the Faurecia AST R&D centre of Mouzon, France. APG can this way dedicate a full matrix of Centre of Excellence by product family and local customer support
- Benefiting from synergies on material supply and vertical integration of semi-finished products such as Heavy Layer and Carpet roll goods for Interior and Trunk, reduction of waste, recycling and process innovation
The discussions include a partnership on Acoustics for Automotive Interiors to build on current footholds and grow the business further, providing innovations to customers. Submission for clearance by relevant merger control authorities is starting.
“We believe the best future for our AST division is within Adler Pelzer,” said Faurecia CEO, Patrick Koller.
“This because of all identified complementarities and because of Adler Pelzer’s market positions.”
