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LISI AUTOMOTIVE
In September 2017, the LISI AUTOMOTIVE division announced
the acquisition of 51% of the capital of TERMAX LLC, a leading
company for the design and manufacture of metal and plastic
clipped fasteners for automotive upholstery. The transaction,
which plans repurchasing the remaining 49%of the capital by 2021,
strengthens LISI AUTOMOTIVE’s position, particularly in clipped
fasteners, and offers strong industrial and commercial synergies
worldwide. The two companies are indeed perfectly complementary
both in terms of technology, and in terms of distribution of their
activity among major manufacturers.
COMPLEMENTARY POSITIONS
TERMAX is indeed a manufacturer of metal or plastic clipped
fasteners, which enjoys very strong specialization on vehicle
interiors. Solidly established at Ford, Chrysler and General Motors,
it has strongpositions in theU.S. automotiveecosystem. Conversely,
LISI AUTOMOTIVE is a recognized player for exterior fastener
solutions (door reinforcements, sills, etc.), which is very well
established with European players, all over the world. Established
in 1971, TERMAX employs 480 people and has a large production
(metal stamping and plastic injection) and development site in Lake
Zurich, near Chicago, Illinois, a 3,600 sq.m. plant in Suzhou, China,
near Shanghai, as well as a distribution center in Queretaro, Mexico.
The first commercial synergies will come into effect in 2018.
WITH TERMAX,
LISI AUTOMOTIVE STRENGTHENS
ITS GLOBAL POSITION
USD
80
million
2017 sales revenue
480
employees worldwide
51
%
Share of TERMAX
capital acquired by
LISI AUTOMOTIVE
TERMAX KEY FIGURES
48
MARKETS & PRODUCTS