Plastic Omnium to acquire Varroc's four-wheeler lighting business for €600M

Varroc Engineering signed an agreement to sell its four-wheeler lighting business (Varroc Lighting Systems) to France's Compagnie Plastic Omnium SE for 600 million euros. The transaction includes operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco.

“The sale of VLS will enable the $1.5 billion revenue Indian company to become debt-free and sharpen its focus on the India business.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comVarroc Lighting Business: Varroc sells its four wheeler lighting biz to Plastic Omnium for 600 million euros, ETAutoKetan Thakkar, Ashutosh R Shyam, ET AutoApr 29, 2022
• autonews.comPlastic Omnium agrees to acquire units of lighting supplier Varroc for $634 millionApr 29, 2022

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