NEWS Faurecia plans to acquire Hella
Tier One automotive supplier Faurecia has agreed to launch a €60.96 per share offer for Hella – the German lighting and electronics specialist with injection moulding and other technologies – in a cash and shares deal that values Hella at €6.7bn. The firm said that this “marks an unprecedented step in Faurecia’s ambition to accelerate its strategic transformation, by investing in high-growth segments and establishing leading positions there”. The Behrends “family
pool”, which owns 60% of Hella, will have 9% of the combined firm on an 18-month lock-up and one family pool member will join the board. The Hella board and management have supported the deal, but it will require shareholder
Above: Automotive lens moulding by Hella
approval at the AGM on 30 September. The combined group will have sales of around €3.7bn and will be the world’s seventh largest automotive supplier, with 24 production sites and 21 R&D centres. Faurecia envisages syner- gies that will boost EBITDA by an average of €200m per year from 2022 to 2025 and also boost revenue by
€300-400m per year. Faurecia added that it
“recognises the strong technological dimension” of Hella’s activities and will accelerate its multi-pillar business strategy by focusing both on the original equipment in lighting and electronics, and on the aftermarket, services and special applications. Hella’s Lippstadt site will be
Alpla to buy Wolf Plastics
Austrian-based packaging and recycling specialist Alpla is purchasing the Wolf Plastics Group “to expand its product portfolio and sees growth potential in Central and South-Eastern Europe”, subject to regulatory approval in Austria and Romania. Terms are not being disclosed. This will bring Alpla additional facilities
in Austria, Hungary and Romania, employing 210 people. Wolf, which was founded in 1973, has about 400 different product lines and particular expertise in the manufacture of plastic buckets and canisters, notably for the construction, chemical and food industries. �
www.alpla.com
Left: Wolf Plastics has facilities in Austria, Hungary and Romania
6 INJECTION WORLD | September 2021
the home of the Electronics, Lighting and Lifecycle Value Management business groups. The combined group will develop a complete offer for electric vehicles (EVs) of all kinds, based on Faure- cia’s strengths in hydrogen and hybrid systems, and Hella’s in energy manage- ment, sensors and actuators. Acquiring Hella will reduce Faurecia’s exposure to sales of internal combustion engine vehicles from 25% now to around 10% in 2025. It will also become a major player in dedicated electronics and software systems, employing some 3,000 software engineers, plus 18,500 engineers in other fields. Faurecia added that it will be able to reinforce its ‘Cockpit of the Future’ strategy. �
www.faurecia.com
New owner for Flexan in US
ILC Dover has acquired medical device maker Flexan of Lincolnshire, Illinois, in a deal that it said would enable both to leverage their respective expertise and capabilities in medical device and biopharma- ceutical markets. This is the com- pany’s second transaction since itself being acquired by New Mountain Capital last year. Flexan is a full-service, contract design and manufacturing company active in high-precision silicone, rubber, and thermoplastic compo- nents for the medical device industry, with expertise in silicone moulding and thermoplastic extrusion. �
www.ilcdover.com
www.injectionworld.com
IMAGE: WOLF PLASTICS
IMAGE: HELLA
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56
