Plastiques du Val de Loire completed the acquisition of Karl Heß Gmbh & Co. Kg.
January 30, 2015
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Plastiques du Val de Loire (ENXTPA:PVL) signed a memorandum of understanding to acquire Karl Heß Gmbh & Co. Kg for €17 million in cash on December 12, 2014. The transaction will be financed using a loan which will be subscribed from a banking pool from CIC, Crédit Agricole and Banque Populaire. For 2013, Karl Heß Gmbh & Co. Kg reported revenues of €51 million. The management of the family-run enterprise will remain in the company as a foundation for further growth. Saam Golshani, Alexis Hojabr, Aurélien Loric, Amaury de Feydeau, Alexia Drouet, Lise Damelet, Anne-Sophie Kerfant, Corinne Ricciardella, Kerstin Henrich, Stefan Schultes-Schnitzlein, Olaf Müller-Michaels, Lutz Hoheisel, Nikita Tkatchenko and Julia Overhage of Orrick Rambaud Martel acted as legal advisors to Plastiques du Val de Loire. Philippe Flament and Bastien Rassat of Edmond de Rothschild Corporate Finance acted as financial advisors to Plastiques du Val de Loire. InterFinanz GmbH acted as the business management consultant, Financières de Courcelles acted as the financial advisor, K&P Gruppe acted as the auditor and Lachner Westphalen Spamer acted as the legal advisor to the sellers. Harald Weiß, Jörn Freisler and Wojciech Musial of BDO AG Wirtschaftsprüfungsgesellschaft, Investment Banking Arm acted as financial advisor to Plastiques du Val de Loire.
Plastiques du Val de Loire (ENXTPA:PVL) completed the acquisition of Karl Heß Gmbh & Co. Kg at the start of year 2015.
Plastiques du Val-de-Loire specializes in the design, production and marketing of plastic parts, using the injection process, for convenience goods. Net sales break down by market as follows:
- automotive equipment (80.4%): dashboards, light casings, heating and air-conditioning parts, headlights, etc.;
- industries and consumer products (19.6%): primarily electrical equipments, TV and video equipments (fronts and backs of televisions, fronts of decoders, DVD player shells, etc.), telephony (parts for GSM telephones and telegraphic telephones) and household appliances (parts for micro-wave ovens, mixers, irons, etc.).
Net sales break down by family of products between plastic parts (88.6%), molds and tooling (11.4%).
At the end of September 2023, the group had 31 production sites located primarily in France (11), Europe (12) and North America (4%).
Net sales are distributed geographically as follows: France (49.7%), North America (13.6%) and other (36.7%).
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