LISI GROUP - Activity report 2018

ACQ U I S I T I O N

HI-VOL

LISI AUTOMOTIVE

STRENGTHENS

ITS PRESENCE ON

THE AMERICAN

MARKET

LISI AUTOMOTIVE announced in September 2018 the acquisition of

100%of the assets of Hi-Vol Products LLC, a leadingUSmanufacturer

of mechanical safety components for the automotive industry. The

acquisition, which takes place one year after that of 51% of the

capital of Termax - an Illinois company specializing in metal and

plastic clipped fasteners - allows the division to further increase its

presence in the United States.

Stainless steel distribution components

Solidly established in a market where the mechanical components

segment is growing, Hi-Vol brings recognized expertise in braking

system fittings screws and components for direct injection gasoline

engines. Founded in 1951, the company experienced significant sales

growth in recent years by developing stainless steel distribution

components used in the new generation of direct injection gasoline

engines. LISI AUTOMOTIVE plans to import this technology into

Europe to meet the needs of its domestic markets.

Strong foundations in the United States

Hi-Vol has two production sites in Livonia (Michigan) with strong

cold-heading, machining and automatic control skills. The company

employs approximately 130 people and posts sales of nearly

$40 million. The two Livonia sites will definitely strengthen the

global positions of the Mechanical Safety Components Business

Group, which is already present in Europe, China and Mexico. This

acquisition will also boost the development of LISI in the United

States by benefiting, with Termax, from a strong technical base in

this strategic area.

IN 2018