Avon Automotive Holdings Inc. Business Report up until FY ended Dec. 2014

Financial Overview

(in million EUR)
FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 Rate of
change (%)
Net Sales 287.4 286.8 0.2 -


Acquired by MGI Coutier Group

-In 2011, the Company announced that MGI Coutier Group, a France-based automotive and heavy goods vehicle component manufacturer, will acquire 100% of the Company's capital. The Company will be consolidated as of July 1, 2011. Headquartered in Cadillac, Michigan, U.S., the Company is a supplier with 10 production sites in 8 countries. The Company has manufacturing locations in North America (U.S. & Mexico), Europe (France, Spain, Portugal, Czech Republic, Turkey) and Asia (India) with additional commercial offices in Japan, the UK and Germany. Its customers include Ford, GM, Renault-Nissan, Tata, Jaguar Land Rover, Toyota, and Chrysler.


-In 2009, the Company announced that Dongah Tire & Rubber Corporation of South Korea completed the acquisition of the Company's Vibration Management Systems (VMS) business on December 31, 2008. The VMS business manufactures and supplies engine and suspension mounts, mass dampers and other products for Europe and North America. 2008 revenues of the VMS business were approximately USD 60 million. (From a press release on January 7, 2009)


-In 2009, the Company divested its VMS facility in Chippenham, England.

-The Company completed its 2007 Operational Improvement plan, initiated in December 2006, through measures shown below:

  • The closure of the Company's Manton, Michigan injection molding facility and the relocation of production to Cadillac, Michigan and Orizaba, Mexico.
  • The relocation of some production from facilities in Spain and Portugal to the Czech Republic and Turkey.



-For 2007, the Company won new business from key customers including GM, Ford, Toyota, Renault, and VW-Audi.


-In 2006, the Company opened a new plant in Turkey to manufacture coolant hoses.


Number of Employees

  Dec. 2014 Dec. 2013 Dec. 2012
Total 3,520 3,622 3,651



(in millions)
  FY ended Dec. 31, 2014 (EUR) FY ended Dec. 31, 2013 (EUR) FY ended Dec. 31, 2012 (EUR) FY ended Dec. 31, 2011 (EUR) FY ended Sep. 30, 2010 (USD)
Sales 287.4 286.8 290.8 249.6 276