05/09/2012

www.gupta-verlag.de/polyurethanes

Faurecia to acquire Ford/ACH automotive interiors business in Saline

With this acquisition, Faurecia says it will become North America's no. 1 interior systems supplier. Faurecia will acquire the Saline business, which generates USD 1.1 billion (~EUR 835 million) annual sales supplying cockpit modules, instrument panels, door panels and center consoles for 12 vehicle programs assembled at eight Ford plants throughout North America. In conjunction with the Saline acquisition, Faurecia will enter into a new joint venture with Rush Group Ltd. The joint venture, called Detroit Manufacturing Systems (DMS), will do injection molding, assembly and sequencing of interior trim components from a new facility in Detroit. Rush Group will hold the majority of the capital and the management of DMS, while Faurecia - with 45 % of the capital - will bring its technology and manufacturing expertise to the joint-venture. As a result, the Saline plant will focus in the future on core technologies such as injection molding, skin manufacturing and foaming operations with annual revenues of nearly USD 400 million (~EUR 300 million). With this acquisition, Ford Motor Company will become Faurecia's third largest customer, says the company. Faurecia will thus reinforce its position as part of Ford's Aligned Business Framework (ABF), which it joined in June 2009. ABF companies enter into long-term relationships with Ford to strengthen collaboration and drive mutual profitability and technology development. The target date for transitioning the Saline operation is 1 June 2012. Operations transitioning to the DMS facility will begin transferring this summer, says Faurecia.

www.gupta-verlag.de/polyurethanes