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Groupe Ecia history
Groupe Ecia company history timeline
In 1914, Bertrand Faure opened his first workshop in Levallois-Perret, on the outskirts of Paris, manufacturing seats for trams and the Paris metro.
1945: Peugeot begins production of automotive components, bicycles, and motorcycles through subsidiaries Aciers et Outillage Peugeot and Peugeot Cycles.
In 1973, the company acquired another mattress maker, Mérinos, becoming a leader in this segment in France.
By then, the company's sales had topped EUR 1.6 billion--double its sales in 1987.
1988: Bertrand Faure is acquired in a LBO backed by Michelin, Michel Thierry, Peugeot, and others to block a takeover attempt by Valeo.
The merger, completed in 1998, created a new French and European giant, Faurecia.
1999: Faurecia acquires AP Automotive Systems in the United States.
In 2001, Faurecia acquired the automotive division of Sommer Allibert, thereby forming Europe's leading automotive component supplier.
Then in November 2004, Faurecia received a contract worth nearly $2 billion to produce instrument panels, door panels, center consoles, and other cockpit components for Chrysler's United States automobiles.
The company quickly began extending its production capacity in North America, opening or acquiring factories to reach nearly 30 facilities in that market by 2005.
In 2021, with the merger of PSA and FCA and the creation of Stellantis, a new chapter began in Faurecia’s history.
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Groupe Ecia may also be known as or be related to GROUPE ECIA and Groupe Ecia.