Equistone-backed Mecaplast Group, a supplier of plastic components for the automotive industry, has entered into an agreement to purchase Key Plastics Corporation, a manufacturer of automotive interior, exterior and under-the-bonnet plastic components.
Through the transaction, Mecaplast Group will expand its presence in key markets such as the US, Germany and China, and diversify its customer portfolio.
The combined Mecaplast and Key Plastics groups will service all major global automotive manufacturers from facilities in virtually every major international market, offering its customer base a broad portfolio of product capabilities.
Closing of the transaction is subject to approvals by competition authorities in certain countries and other customary closing conditions.
