— 2002
To better delineate its specialist
areas, GFI Industries became LISI
,
(LInk Solutions for Industry), with the three
divisions taking this name plus the name of
its main business sector: LISI AEROSPACE,
LISI AUTOMOTIVE and LISI COSMETICS.
The strategy of focusing on Core
Business continues:
• Sale of non-strategic business lines (GFD,
Ars Industries and the production unit at
Aillevilliers);
• Acquisition of California’s MONADNOCK
(LISI AEROSPACE).
— 2004
Acquisition of FORM a.s
in the
Czech Republic (LISI AUTOMOTIVE).
— 2005
Acquisition of KNIPPING
in Germany
(LISI AUTOMOTIVE).
Opening of a factory in Canada
(LISI AEROSPACE).
Sale of Gradel
(LISI AUTOMOTIVE).
— 2007
Sale of European distribution
firm EUROFAST
to ANIXTER France
(LISI AEROSPACE).
LISI AUTOMOTIVE sells its Monistrol
plant
in the Haute-Loire to the
PRECITURN group.
Creation of the LISI MEDICAL
subdivision,
following acquisition of:
- HUGUENY (Lyon), specializing in spinal
implants;
- JEROPA (Escondido-USA), which
specializes in dental implants;
- SEIGNOL and INTERMED Application
(Neyron – France) and LIXUS (Tangiers –
Morocco), specializing in subcontracting
of dental and orthopaedic implants.
— 2008
LISI AUTOMOTIVE is increasing its
presence in China and India
with the
creation of a second manufacturing plant
in Shanghai dedicated to making threaded
fasteners.
— 2009
On 1
st
April 2009, the Group sold
KNIPPING subsidiary SDU,
which
specialized in distributing technical
products to mines and industry in
Germany and Poland.
The Group has also been actively
engaged in acquisitions,
with the
announcement of two external growth
projects:
- The takeover of two French sites for
the American group Acument Global
Technologies, which specialize in
automotive fastener manufacturing.
- The buyout of a hip prosthesis
manufacturing site from the American
STRYKER group; Stryker Corporation is
one of the largest suppliers of medical
technologies in the world. The deal also
includes a 5-year supply contract.
Announced during December 2009,
the completion of these two deals
was dependent upon meeting certain
conditions which had not yet been fulfilled
by the end of the financial year.
LISI ANNUAL REPORT 2009
11
for the
long haul
