Novares Group SA: Difference between revisions

Novares
Company type	S.A.S.
Industry	Automotive
Headquarters	Clamart, France
Key people	Pierre Boulet (CEO)
Products	Automotive Components
Number of employees	10 000

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Revision as of 14:25, 29 January 2018

Mecaplast – Key Plastics rebranded as Novares on 19 September 2017. Novares is a global plastic solutions provider that designs, manufactures complex components & systems serving the future of the automotive industry. The company designs and produces complex automotive parts and specializes in technical plastic injection. Novares has locations in 21 countries and serves car manufacturers around the globe. In 2017, Novares generated pro forma revenues of 1.2 billion euros¹ .

¹2017 estimates

History

Mecaplast

Mecaplast company was created by Charles Manni with five people in an apartment in Monaco in 1955. The first plastic part produced was a Chemical Condenser Cap. In 1964, the company entered the automobile industry by producing a plastic fan used in the 204 Peugeot^[1] engine.

2002 and 2003 was a turning point for the group when they slowly acquired the Group Neyr^[2] (which included locations in France, England, Spain, Mexico, Czech Republic) and the main assets of Group ARIES^[3] (which included locations in France, Italy) These acquisitions tripled the staff of the company.

Since 2007, the crisis which affected the whole automobile sector did not spare Mecaplast. They subsequently sold several production sites in France (Le Mans, Saint-Lupicin, Reims, Crépy-en-Valois), in Moncalieri, Italy and Manouba, Tunisia to trim down the work force^[4].

In August 2009, Mecaplast was considered a strategic equipment manufacturer by PSA Peugeot Citroën (PSA) and Renault, and the group benefits from the financial support of the FMEA (Fonds de Modernisation des Equipementiers Automobiles) and subsequently the family business enters the next level of capital of 55 M€ turnover, +33%^[5].

In 2010, Mecaplast Group employed 5,800 collaborators on the world announcing a turnover of 623 million euros^[6]. The factory in Chennai, India was then inaugurated on June 3rd, 2010^[7].

On January 1st, 2011, the company’s French establishment in Valréas^[8], the first location of the group outside Monaco, purchased in 1985, was sold to the group Silvatrim, another Monaco automotive equipment specializing in plastics processing. Still in 2011, Mecaplast then closed their Spanish factory in Sant Boi, the Technical Center in Ruelle-sur-Touvre, France then sells their specialized sites in the textile industry. The La Rochefoucauld location was sold to an entrepreneur, Charentais, Mornac, and Pardubice locations were sold to Faurecia^[9].

In 2011, pursuing its international expansion plans, the group opened a 3rd production site in China in Yantai and another one in Zrenjanin, Serbia^[10]. Since then, the group continues its expansion and in 2014 opened a 4th factory in China in Shenyang. Two new sites in Silao, Mexico and Zavar, Slovakia are inaugurated in 2016. In 2016, Bpi France buys shares of the company. The same year, Equistone Partners becomes majority a shareholder of the group investing to 72%^[11].

Key Plastic

In 1986, Key Plastics is created^[12].
In 2000, Carlyle becomes the majority shareholder of Key Plastics^[13].
In 2004, Key Plastics acquires Kendrion Automotive.
In 2009, Key Plastics is bought by Wayzata^[14]. In 2010, Key Plastics acquires Olho Group^[15].
In 2012, Key Plastics focuses its activities on its core businesses.

Novares

In December 2016, Mecaplast buys the automotive supplier Key Plastics, an American player specializing in Interior Parts and Complex Mechanisms^[16]. Following this acquisition, the group changed its name on 19th September 2017 and became Novares^[17].

Activities

The group supplies automotive plastic equipment covering the three sectors: engine, bodywork, exterior bodywork. The Novares portfolio consists of 7 product lines, which consist of 19 product ^[18]:

Engine Components
Bezels & Clusters
Air Vents & Decoration Trims
Interior & Car Body Trim
Handles (Interior & Exterior)
Exterior Paint & Surface
E-Powertrain Components

One of the Group's strategic focuses is innovation and Novares is developing demonstration vehicles that have been hosting its solutions since 2016 (SMT1, SMT2).

Locations

In 2017, Novares employs 10,000 people in 21 countries at 42 production sites, 7 centers of expertise, 5 technical centers and 17 customer centers. The Group's head office is located in Clamart, France^[19].

Notes

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[1] ttp://www.autonewsinfo.com/2016/03/21/mecaplast-vous-facilite-la-vie-et-vous-ne-le-savez-pas-187795.html

[2] ttps://www.lesechos.fr/12/04/2002/LesEchos/18634-055-ECH_mecaplast-rachete-neyr-plastiques.htm

[3] ttps://www.usinenouvelle.com/article/l-equipementier-mecaplast-reprend-le-plasturgiste-aries.N3866

[4] ttp://archives.nicematin.com/article/monaco/thierry-manni-%C2%AB-mecaplast-est-en-passe-detre-sauve-%C2%BB.236895.html

[5] ttps://www.usinenouvelle.com/article/le-fmea-investit-55-millions-d-euros-dans-mecaplast.N116189

[6] ttps://www.novaresteam.com

[7] ttp://www.plastiques-caoutchoucs.com/Mecaplast-s-installe-en-Inde.html

[8] ttps://www.usinenouvelle.com/article/mecacorp-valreas-bientot-reprise-par-l-equipementier-silvatrim.N141571

[9] ttps://www.usinenouvelle.com/article/mecaplast-laisse-partir-130-emplois.N159514

[10] ttps://www.ekapija.com/en/news/477148/delovi-enterijera-za-automobile-fiata-francuski-mecaplast-pocinje-26-septembra-2011-izgradnju

[11] ttp://www.equistonepe.com/investmentdetail/mecaplast/56

[12] ttps://www.pehub.com/2016/10/equistone-backed-mecaplast-group-to-acquire-key-plastics/#

[13] ttps://www.carlyle.com/media-room/news-release-archive/carlyle-management-group-acquire-breed-technologies-inc

[14] ttps://www.law360.com/privateequity/articles/448041/key-plastics-investor-seeks-info-on-75m-wayzata-credit-deal

[15] ttps://www.plasticstoday.com/content/key-plastics-consolidates-us-operations-indiana-plant-closure/77173324515363

[16] ttp://www.plastiques-caoutchoucs.com/Mecaplast-s-impose-a-l.html

[17] ttps://www.usinenouvelle.com/article/les-ambitions-de-mecaplast-key-plastics-devenu-novares-dans-le-vehicule-connecte.N589593

[18] ttps://www.novaresteam.com/fr/nos-solutions/notre-portefeuille-produits/

[19] ttps://www.novaresteam.com/fr/decouvrir-novares/proximite-mondiale/

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@@ Line 34: / Line 34: @@
 Mecaplast company was created by Charles Manni with five people in an apartment in Monaco in 1955. The first plastic part produced was a Chemical Condenser Cap. In 1964, the company entered the automobile industry by producing a plastic fan used in the [[Peugeot 204|204 Peugeot]]<ref>http://www.autonewsinfo.com/2016/03/21/mecaplast-vous-facilite-la-vie-et-vous-ne-le-savez-pas-187795.html</ref> engine.
-and 2003 was a turning point for the group when they slowly acquired the Group Neyr<ref>https://www.lesechos.fr/12/04/2002/LesEchos/18634-055-ECH_mecaplast-rachete-neyr-plastiques.htm</ref> (which included locations in [[France]], England, Spain, Mexico, Czech Republic) and the main assets of Group ARIES<ref>https://www.usinenouvelle.com/article/l-equipementier-mecaplast-reprend-le-plasturgiste-aries.N3866</ref> (which included locations in France, Italy) These acquisitions tripled the staff of the company.
+and 2003 was a turning point for the group when they slowly acquired the Group Neyr<ref>https://www.lesechos.fr/12/04/2002/LesEchos/18634-055-ECH_mecaplast-rachete-neyr-plastiques.htm</ref> (which included locations in [[France]], [[England]], [[Spain]], [[Mexico]], [[Czech Republic]]) and the main assets of Group ARIES<ref>https://www.usinenouvelle.com/article/l-equipementier-mecaplast-reprend-le-plasturgiste-aries.N3866</ref> (which included locations in France, Italy) These acquisitions tripled the staff of the company.
 Since 2007, the crisis which affected the whole automobile sector did not spare Mecaplast. They subsequently sold several production sites in France (Le Mans, Saint-Lupicin, Reims, Crépy-en-Valois), in Moncalieri, Italy and Manouba, Tunisia to trim down the work force<ref>http://archives.nicematin.com/article/monaco/thierry-manni-%C2%AB-mecaplast-est-en-passe-detre-sauve-%C2%BB.236895.html</ref>.