Plastic Omnium has confirmed the sale of its subsidiary Plastic Omnium Environment BV to the Latour Capital and Bpifrance consortium for an enterprise value of €220m.
Plastic Omnium Environmental has a broad range of products and services dedicated to waste management
Plastic Omnium Environmental has a broad range of products and services dedicated to waste management
The European leader in the containerisation of waste, and with locations in France, Germany and Spain, Plastic Omnium Environment BV generates an annual revenue of €340 million, due to its broad range of products and services dedicated to waste management.
The sale of the subsidiary reflects Plastic Omnium’s decision to concentrate all of its human and financial resources on its automotive business. As the world leader in intelligent exterior systems, clean energy systems and modules for the automotive industry, the Group is implementing a strategy of innovation and profitable growth through sustainable mobility.