LISI (EPA:FII) - LISI AUTOMOTIVE, a subsidiary of LISI Group, confirms the acquisition of the assets of the American company Hi-Vol Products
Transparency directive : regulatory news
24/09/2018 08:45
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LISI AUTOMOTIVE, a subsidiary of LISI Group, confirms the acquisition of theassets of the American company Hi-Vol Products
The LISI Group (Euronext Paris - ISIN code: FR 0000050353) today announced the
finalization of acquisition of of 100% of the assets of Hi-Vol Products LLC, a
leading US manufacturer of mechanical safety components for the automotive
industry.
This announcement concludes the process disclosed in the press release issued
on September 13rd, 2018; it reaffirms the strategy of LISI AUTOMOTIVE which
aims to strengthen its globally recognized position as a specialist in the
production of Safety Mechanical Components.
This transaction was carried out through LISI AUTOMOTIVE Hi-Vol, Inc., 100%
subsidiary of LISI.
The transaction leads to the global consolidation of LISI AUTOMOTIVE Hi-Vol in
the LISI Group as of September 21st, 2018 and represents a major step in the
development of the Automobile division.
Contact
Emmanuel VIELLARD
Phone : +33 3 84 57 00 77
Email : emmanuel.viellard@lisi-group.com
Web site : www.lisi-group.com
LISI shares are listed on Euronext, Compartment A and belong to the following
indices: CAC(r) AERO & DEF., CAC(r) All Shares and CAC(r) Industrials,under the
ISIN code: FR 0000050353. LISI is a world leading manufacturer of fasteners and
assembly components for the Aerospace, Automotive and medical implants
industries.
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