Deal snapshot: AUTOMOTIVE SUPPLIER FLEX-N-GATE OFFERS TO ACQUIRE 7 PLANTS IN EUROPE.
Urbana, Illinois-based automotive original equipment supplier Flex-N-Gate Group has delivered a binding offer to France-based automotive parts supplier Plastic Omnium to acquire seven of its plants in Europe, the company said.
This sale is part of a divestiture required by the European Commission following Plastic Omnium's acquisition of Europe-based auto parts company Faurecia Auto Exterior. As a result of the binding offer for this stand-alone business, Plastic Omnium has agreed to enter into exclusive negotiations with Flex-N-Gate.
Sector: Motor Vehicles
Target: oXya and yoyo yoyo o
Buyer: Flex-N-Gate Group
Vendor: Plastic Omnium
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Part of a divestiture required by the European Commission following Plastic Omnium's acquisition of Europe-based auto parts company Faurecia Auto Exterior
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|Publication:||M & A Navigator|
|Date:||Dec 29, 2016|
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