Mecaplast Group announced today that it has entered into an agreement to purchase Key Plastics Corporation

Mecaplast Group, a global supplier of plastic components for the automotive industry, announced today that it has entered into an agreement to purchase Key Plastics Corporation, a leading manufacturer of automotive interior, exterior and under-the-hood plastic components.

Through the transaction, Mecaplast Group will expand its presence in key markets such as the United States, 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 diversified customer base a broad portfolio of product capabilities from a truly global manufacturing footprint.

Closing of the transaction is subject to approvals by competition authorities in certain countries and other customary closing conditions.