Plastic Omnium to Acquire Cadence Innovation Who Produce Plastic Automotive Bumpers

The Commercial Court in Evreux has accepted Plastic Omnium’s offer to acquire a plant in Vernon, Normandy, belonging to Cadence Innovation, which is in compulsory liquidation.

The plant currently produces bumpers for the Citroën C2 and C3, Peugeot 1007 and Renault Twingo.

With the support of PSA Peugeot Citroën, which has committed to maintaining its order volumes over the medium term, the acquisition will strengthen Plastic Omnium positions in France. The transaction will enable 143 Cadence Innovation employees to keep their jobs.