LISI GROUP - 2016 Financial report

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12 LISI 2016 FINANCIAL REPORT
Market Maker’s Contract
The market-making contract complies with the ethical charter of the
AFEI and is carried out by:
ODDO FINANCE CORPORATE
Mr. Eric Bigotteau
Email:
Tel.: + 33 (0)1 40 17 52 89
6.2 I HISTORY
1777
Frédéric Japy sets up a watch movement factory in Beaucourt, near
Montbéliard.
1796
Some years later MIGEON & DOMINE is founded in Morvillars in the
Belfort region, later to become VIELLARD MIGEON et Compagnie
(VMC). Initially a specialist in the manufacture of wires, the company
rapidly integrates processing activities.
1806
JAPY Frères and VIELLARD & MIGEON decide to join forces to launch
the industrial manufacture of forged wood screws in France.
1899
The Société Industrielle de Delle is founded by the DUBAIL-KOHLER
family in the town of Delle, Belfort. The company quickly begins to
specialize in the manufacture of machine-turned screws.
1968
These three family-run businesses (KOHLER, JAPY and VIELLARD)
merge to form a company called GFD, thus becoming France’s
foremost manufacturer of standard and automotive nuts and bolts.
The three founding families are today part of CID (Compagnie
Industrielle de Delle), owning a controlling stake in the LISI Group.
1977
GFD acquires BLANC AERO, which specializes in aerospace parts and
in packaging components for the Perfumery sector. This new group
is named GFI.
1989
GFI is floated on the Paris Stock Exchange’s over-the-counter market
and becomes GFI Industries.
1990 / 2000
Throughout the 1990s, GFI Industries continues to strengthen
its positions in its three sectors by acquiring over 15 companies
throughout Europe and the US.
2002
To better delineate its specialist areas, GFI Industries became
LISI, (LInk Solutions for Industry); its three divisions use the
same name, adding their core business suffix: 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 the distribution company Eurofast to ANIXTER France
(LISI AEROSPACE).
LISI AUTOMOTIVE sells its site at Monistrol-sur-Loire to the
PRECITURN group.
Creation of the LISI MEDICAL subdivision, following acquisition of:
– – HUGUENY (Lyon), specializing in spinal implants;
– – JEROPA (Escondido-USA), specializing in dental implants;
– – SEIGNOL and INTERMED Application (Neyron – France) and LIXUS
(Tangiers – Morocco), specializing in subcontracting of dental and
orthopedic implants.
2008
LISI AUTOMOTIVE grows its presence in China with the creation of a
second production site in Shanghai, dedicated to the manufacture of
threaded fasteners for automobiles.
2009
On April 1, 2009, the Group sold SDU (€25 million in revenues), a
subsidiary of the KNIPPING group, specialized in the distribution of
technical products for mines and industry in Germany and Poland.
2010
The Group returned to external growth with two major acquisitions:
– – Acquisition by LISI AUTOMOTIVE of two French sites from the
American group, Acument Global Technologies, specializing in the
manufacture of fasteners for the automotive industry.
– – Purchase by LISI MEDICAL of a site producing hip replacements
from the American group, Stryker Corporation, a leading global
provider of medical technologies. The agreement was accompanied
by a five-year supply agreement.
General information regarding the company 1