Faurecia has purchased the automotive business of Sora Composites. The division specialises in the manufacture of composite plastics and the use of glass and carbon fibre for automotive applications.
The acquisition positions Faurecia for expected growth in the use of ‘new materials’ in automotive – growth being driven by improved manufacturing techniques, higher volumes and the benefits of lighter materials in end use.
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The two plants affected by the acquisition are located in Theillay and Saint-Méloir-des-Ondes, with the operational headquarters based in Changé (all three sites in France). This business generates annual sales of around EUR70m with a total staff of around 500.
Sora Composites produces body and structural parts for customers that include Renault, PSA Peugeot Citroën, Aston Martin, Audi, Lotus and McLaren Automotive.
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