"Cordiant" increases its presence in the auto component market

Holding of businessman Alexey Mordashov acquired a foreign plant

The "Cordiant" holding, which came under the control of Alexey Mordashov's "Severgroup", acquired a plant for the production of plastic components. Its capacity is 10 million elements per year.

The plant previously belonged to A.Raymond Group from France. Now, the enterprise is managed by Meteor Autocomponents Kaluga LLC, which is part of Cordiant.

The French company A.Raymond Group sold its Russian business to the Cordiant holding, according to EGRUL data. On October 15, Meteor Autocomponents Kaluga LLC, part of Cordiant, became the owner of A.Raymond RUS LLC, located in the Nizhny Novgorod region.

Cordiant confirmed the information about the deal and noted that they highly value the potential synergy between the assets.

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