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French car parts maker Faurecia said on Monday it targeted sales close to 25 billion euros ($30.29 billion) and an operating margin above 8% of sales by 2025.

Faurecia to sell acoustics division to Adler Pelzer Print Faurecia has signed a memorandum of understanding to sell its acoustics and soft trim division to Adler Pelzer Group, a specialist in automotive acoustics. The division had sales of 385 million euros ($465 million) in 2019 and has about 1,800 employees in eight factories and one R&D center, all in Europe. Terms of the agreement were not announced, and a closing date was not given. The two suppliers have started the process of obtaining clearance from competition authorities, Adler Pelzer said in a news release Thursday. Adler Pelzer s...

Adler Pelzer Group to acquire the Acoustics and Soft Trim business of Faurecia DGAP-Media / 18.02.2021 / 08:02 Adler Pelzer Group (APG) and Faurecia have reached an agreement to engage exclusive discussions towards the acquisition of Faurecia Acoustics and Soft Trims (AST) by Adler Pelzer Group. Faurecia AST is operating in Europe, with industrial activities mainly carried out in plants located in France (Marckolsheim, Saint-Quentin, Mouzon, Mornac), Luxembourg (Eselborn), the United Kingdom (Washington), Spain (Olmedo), Poland (Legnica) and by the R&D centre in France (Mouzon) with approx....

Adler Pelzer, a specialist in trim and acoustics, said the acquisition would give it access to key customers such as Renault-Nissan and Stellantis. The division had revenue of $465 million in 2019.