Plastic Omnium Auto Exterior, a wholly owned subsidiary of Company Plastic Omnium and world leader of exterior parts and modules, announces the signature of an agreement for the acquisition of 100% of Plastal Poland. This agreement remains submitted to the approval of the Polish antitrust authorities. The two plants to be acquired, at Gliwice and Poznan, have had a turnover of more than €60 million in 2010.
They essentially supply Fiat, Volkswagen, BMW, Audi and Ford. They employ 600 persons.
This acquisition enables POAE to reinforce its industrial footprint in Eastern Europe, which already includes plants in Poland, the Czech Republic and Slovakia, delivering Volkswagen, Audi, Porsche, Skoda, PSA Peugeot Citroën and General Motors. It reflects the commercial success of Plastic Omnium in this region, especially for high volume cars being currently launched as the brand new VW Up! and Opel Astra.
This purchase is in line with Plastic Omnium Group’s strategy to proceed to focused acquisitions in strongly growing regions. This strategy will be pursued.
