Aurelia Acquires Soar Composites Auto Business

july 30 2012

Automotive supplier Aurelia SA has acquired the automotive business of Soar Composites, a company which possesses an established expertise in the field of composite plastics and the use of glass and carbon fiber for automotive applications.

Aurelia said the two plants affected by this acquisition are in Theiler and Saint-Memoir-des-Ondes, with operational headquarters in Change (all three sites in France). This business generates annual sales of around 70 million euros ($84 million) with a total staff of 500.

The parts produced in both of Sora Composites plants include body and structural parts for both mainstream automakers such as Renault and PSA Peugeot Citroen, as well as premium car makers such as Aston Martin, Audi, Lotus and McLaren Automotive, said Faurecia.

The company described this acquisition as “an important step in the development of Faurecia’s expertise in the field of plastic composites, a technology which is expected to experience strong growth over the coming years.”

Faurecia said stringent environmental regulations mean lighter vehicles are in demand. Use of composite materials should enable OEMs to gain several kilograms for both structural and body parts, the French automotive supplier added.

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