PLASTIC OMNIUM (EPA:POM) - Sale of the Environment business to the consortium Latour Capital / BpiFrance
Transparency directive : regulatory news
18/12/2018 17:45
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Levallois, December 18, 2018
Sale of the Environment business to the consortium Latour Capital/Bpifrance
Compagnie Plastic Omnium confirms the sale of its subsidiary Plastic Omnium
Environment BV to the consortium made up of Latour Capital and Bpifrance
(Banque Publique d'Investissement). The deal is made for an enterprise value of
EUR220 million.
The Environment business - which is Compagnie Plastic Omnium's founding
business - is the European leader in the containerization of waste. Standalone,
profitable and cash- generating, with 6 plants in France, Germany and Spain, an
R&D center, a customer service center recently inaugurated at Saint Priest
(France), and with the large network of agencies and service desks serving
8,000 customers, this business generates an annual revenue of EUR340 million,
thanks to a broad range of products and services dedicated to waste management
(wheeled bins for household waste, collection banks, composters, underground
and semi-underground containers; maintenance, washing, surveys and
implementation, data management, incentive-based invoicing systems, etc.).
Plastic Omnium Environment employs 1,800 people operating across 12 countries.
This project reflects Plastic Omnium's decision to concentrate all of its human
and financial resources on its automotive business. As the world leader in
intelligent exterior systems, clean energy systems and modules for the
automotive industry, the Group is implementing a strategy of innovation and
profitable growth through sustainable mobility.
Financial information Tel. : +33 (0)1 40 87 66 78 Fax : +33 (0)1 40 87 96 62
investor.relations@plasticomnium.com
Plastic Omnium is the world leader in intelligent exterior systems, clean
energy systems, and automotive modules. The Group has 31,000 employees across
122 plants, 24 R&D centers and 26 countries worldwide, serving 83 automotive
brands. Plastic Omnium is listed on Euronext Paris, compartment A. It is
eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120
and CAC Mid 60 indices (ISIN code: FR0000124570).