Disclosure of an inside information according to Article 17 MAR
Mutares AG has made a binding offer to acquire the truck supplier business of the Plastic Omnium Group. The business division consists of five plants in France, two in China and respectively one plant in Germany and Mexico with more than 1,500 employees in total. In 2015, the plants generated a turnover of EUR 190m. The product portfolio encompasses exterior components and modules for truck cabins. All major European truck manufacturers belong to the customer base.
Combined with STS and the recent acquisition of the two plants of the Mecaplast Group, Mutares creates a global truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The binding offer is being studied by Plastic Omnium. In accordance with the French law, the offer is submitted to the works council for their position.