Faurecia acquires 50% stake in Euro Auto Plastic Systems
Acquisition to increase supplies for the Dacia Loagan model
Faurecia, French auto parts maker, acquired 50% stake in Romanian auto parts maker Euro Auto Plastic Systems (Euro APS) for an undisclosed amount. Faurecia took over the 50% interest held by Portuguese automotive supplier Simoldes Plasticos. Faurecia and Croatian car components manufacturer AD Plastik hold a stake of 50% each in the company. Faurecia will be responsible for the operational management of the joint venture.
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