The Novares Group is a French manufacturer of

car parts This is a list of auto parts, which are manufactured components of automobiles. This list reflects both fossil-fueled cars (using internal combustion engines) and electric vehicles; the list is not exhaustive. Many of these parts are also used o ...

. It was started in 1955 by Charles Manni, and was previously known as Mecaplast.Article in the ''New Trader''
Thierry Manni is chairman of the board, and the

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

is Pierre Boulet. Mecaplast merged with Key Plastics in 2016, and in 2017 the combined firm changed its name to Novares.

History

The company was started in 1955 by Charles Manni. During the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, some workers were made redundant, and some plants were closed. In August 2009 the company was nominated as a strategic supplier for PSA and Renault, and so benefitted from the Modernization Fund for Automobile Equipment Suppliers (FMEA) which increased the company’s capital by €55 million/33% stake. The

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plant in

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was opened on 3 June 2010. A factory was opened in

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, Serbia, in 2012. In 2016 a majority holding in the company was sold to Equistone Partners Europe, a private investment company. Later that year, Mecaplast acquired and merged with Key Plastics, an American car parts company. About a year later the combined operation was renamed Novares. In 2018 the group arranged for its shares to be floated on the

Euronext Paris Euronext Paris, formerly known as the Paris Bourse (), is a regulated securities trading venue in France. It is Europe's second largest stock exchange by market capitalization, behind the London Stock Exchange, as of December 2023. As of 2022, th ...

exchange, but the flotation was cancelled. In March 2020 the company received a cash injection af €45 million from its stockholders Equistone and BPI Paris. In April of that year it went into

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Figures

Revenue in M€/WorkforceWebsite:''Key figures''
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References

{{Reflist, refs= Audrey Laforest (24 September 2019)
Novares prepares for the long term with innovation strategy
''Plastics News''. Accessed September 2020. ress release(18 May 2020)
Novares is resuming its operations in Europe following a major liquidity injection
''Automotive World''. Accessed September 2020. Auto parts suppliers of France