THE LISI GROUP ANNOUNCES THE DISPOSAL OF ITS CHASSIS SCREWS & STEERING BALL
PINS BUSINESS TO AFF ST FLO
Further to its press release of September 10, 2019, LISI announces that it has
completed the disposal of the entire business producing chassis screws and
studs as well as steering ball pins and the attached real estate located at
Saint-Florent sur Cher, being part of the company LISI AUTOMOTIVE FORMER, to
AFF ST FLO (which belongs to the family-owned company AFF GROUPE).
The chassis screws and studs as well as steering ball pins business is operated
in Saint-Florent sur Cher; it employs 159 people and generated sales of EUR
36.1 million in 2018, with significant positions at PSA, Renault and JTEKT.
AFF GROUPE aims to accelerate its development in the market for automotive
screw fasteners, to quickly generate industrial synergies between its various
sites and expand the current range of screws by adding chassis screws to the
body in white screws it currently manufactures, as well as to enhance its
know-how in steering ball pins.
This divestment, following the recent acquisitions of TERMAX and HI-VOL
PRODUCTS, enables LISI AUTOMOTIVE Division to continue refocusing its
activities on high added value fastener solutions and mechanical components.
The LISI share is listed on Euronext, compartment A and belongs to the CAC(r)
AERO & DEF., CAC(r) All Shares, CAC(r) Industrials indices, under
ISIN code: FR 0000050353.
The LISI Group is one of the world leaders in screwed and clipped fasteners and
mechanical safety components for the Aeronautics, Automotive and Medical
sectors with sales of EUR 1,645 million in 2018 and a workforce of 12,131
Reuters Code: GFII.PA / Bloomberg Code: FII FP
AFF Groupe is a family-owned company (Auriol family) that specializes in the
manufacturing of cold-heading fasteners for the automotive sector and the
industry. It owns the following companies: Auriol Frappe à froid, based in
Bessières (31), AFF Visserie, based in Monistrol-sur-Loire (43) and Le Rivet
Foré, based in Epinay-sous-Sénart (91).