Faurecia to sell soft trim division

Europe
Published:  19 February, 2021

The automotive seating and accessories manufacturer has signed a Memorandum of Understandin (MoU) for the sale of its Acoustics and Soft Trim (AST) division.

Faurecia is to sell its AST division to the Adler Pelzer Group (APG), specialised in automotive acoustic and thermal components and systems. In 2019, the AST business represented sales of €385 million within the Interiors Business Group and employs around 1,820 employees in eight plants and one R&D centre, all located in Europe. Faurecia said this project represents the best opportunity for the future development of AST and would create a global leader in acoustics and soft trim.

“We have taken the decision to focus our investment on our core product lines within the Interiors Business Group for which we have global market and technology leadership. We believe that the best future for our AST division is within Adler Pelzer due to all the strong complementarities and Adler Pelzer’s market position”, said Patrick Koller, CEO, Faurecia.