Faurecia integrates Plastal

After obtaining approval by the European Commission, in terms of competition, and finalizing contractual agreements, Plastal Spain (Plastal S.A.) today officially joins Faurecia Automotive Exteriors, the European leader for automotive exterior parts.

The integration of Plastal Spain is immediate within Faurecia Automotive Exteriors as part of its South Europe Division. This new acquisition, which adds to that of Plastal Germany finalized last March, enables Faurecia Automotive Exteriors to complement its European industrial footprint and consolidate its leading position on the market.

Plastal Spain generated sales of 135 million in 2009, mainly with Ford and Volkswagen Groups, and employs 700 people at four plants in Spain (Barcelona, Tudela, Valencia and Valladolid)

The acquisition of Plastal Spain is carried at a cost representing the value of the company’s net cash at September 30, plus one euro (EUR)._