Plastiques du Val de Loire acquired remaining 33% stake in SA Bourbon Automotive Plastics from Fonds de Modernisation des Equipementiers Automobiles, FCPR, backed by Bpifrance Investissement and Claude Bourbon for 20.6 million.
July 09, 2015 at 12:00 am EDT
Share
Plastiques du Val de Loire (ENXTPA:PVL) acquired remaining 33% stake in SA Bourbon Automotive Plastics from Fonds de Modernisation des Equipementiers Automobiles, FCPR, backed by Bpifrance Investissement and Claude Bourbon for 20.6 million in cash on July 9, 2015. The transaction is financed with a bank loan.
Plastiques du Val de Loire (ENXTPA:PVL) completed the acquisition of the remaining 33% stake in SA Bourbon Automotive Plastics from Fonds de Modernisation des Equipementiers Automobiles, FCPR, backed by Bpifrance Investissement and Claude Bourbon on July 9, 2015.
Plastiques du Val-de-Loire specializes in the design, production and marketing of plastic parts, using the injection process, for convenience goods. Net sales break down by market as follows:
- automotive equipment (80.4%): dashboards, light casings, heating and air-conditioning parts, headlights, etc.;
- industries and consumer products (19.6%): primarily electrical equipments, TV and video equipments (fronts and backs of televisions, fronts of decoders, DVD player shells, etc.), telephony (parts for GSM telephones and telegraphic telephones) and household appliances (parts for micro-wave ovens, mixers, irons, etc.).
Net sales break down by family of products between plastic parts (88.6%), molds and tooling (11.4%).
At the end of September 2023, the group had 31 production sites located primarily in France (11), Europe (12) and North America (4%).
Net sales are distributed geographically as follows: France (49.7%), North America (13.6%) and other (36.7%).
Plastiques du Val de Loire acquired remaining 33% stake in SA Bourbon Automotive Plastics from Fonds de Modernisation des Equipementiers Automobiles, FCPR, backed by Bpifrance Investissement and Claude Bourbon for €20.6 million.