Faurecia: to divest AST business
(CercleFinance.com) - Faurecia today announced the signature of a memorandum of understanding for the sale of its Acoustics and Soft Trim Division (AST) to the Adler Pelzer Group (APG).
Within the Faurecia Interiors business, AST recorded sales of 385 million euros in 2019 and has around 1,820 employees at 8 plants and an R&D centre, all of which are located in Europe.
This project represents the best future development opportunity for AST and would create a world leader in the field of acoustics and trim, Faurecia said.
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Within the Faurecia Interiors business, AST recorded sales of 385 million euros in 2019 and has around 1,820 employees at 8 plants and an R&D centre, all of which are located in Europe.
This project represents the best future development opportunity for AST and would create a world leader in the field of acoustics and trim, Faurecia said.
Copyright (c) 2021 CercleFinance.com. All rights reserved.