Hagen, Germany – Automotive interior trim company Adler Peltzer is exclusively in discussions with French automotive seating and interiors company Faurecia to buy its acoustics and soft trims business.
Patrick Koller, Faurecia’s CEO, said: 'We believe that the best future for our AST division is with Adler Pelzer.'
Adler Pelzer had sales of EUR1.4bn in 2019. It employs 11,000 people in sites close to OEMs.
Faurecia's AST business is part of its interiors division. This had consolidated sales of EU5.4bn in 2020, and generated operating income of EUR294m in the year. Faurecia estimates the sale will reduce its income by EUR190m in 2021.
The AST business has plants in France, at Marckolsheim, Saint Quentin, Mouzon and Mornac . There are further plants in Eselborn, Luxembourg; Washington, UK; Olmedo, Spain; and Legnica in Poland.
Adler Peltzer said that if the deal completes, it will give it a strong technical development capabilities because it will gain access to Faurecia's facilities in Mouzon. There will also be benefits in vertically integrating products such as heavy layer and carpet rolls for boots and interiors, the German company said.
