Sogefi S.p.A.
Company Profile
Business Overview
-The Company develops and produces filtration systems, flexible suspension components, air management systems, and engine cooling systems for the automotive industry.
-The Company is organized into three business units:
- Air & Cooling Business Unit
- Filtration Business Unit
- Suspensions Business Unit
Shareholders
| -The Company is listed on the STAR segment of the Milan Stock Exchange (now Euronext STAR Milan Market). | (As of December 31, 2022) |
| Name or Company name | Investment ratio (%) |
| CIR S.p.A. | 55.6 |
| Others | 44.4 |
| Total | 100.0 |
Products
Suspensions Business Unit
-Coil springs
-Stabilizer bars
-Leaf springs
-Precision springs
Air & Cooling Business Unit
-Air intake systems
-Intake manifold systems
-Thermostat housings & ducts
-Coolant pumps modules
-Charged air ducting
-Battery cooling plates
Filtration Business Unit
-Oil filtration systems
-Petrol fuel filters
-Diesel fuel filtration systems
-Cam covers and oil separators
-Air filtration systems
History
| 1980 | Was founded in Mantova and became part of the CIR Group |
| 1982 | Acquired FIAAM FILTER S.p.A. |
| 1986 | Gained the control of Rejna S.p.A., Italian leader in car suspension components |
| 1987 | Acquired Mollificio Bresciano and Sidergarda, Italian leaders in truck suspensions Acquisition of AMSU S.A., one of the French leaders in car suspensions |
| 1988 | Acquisition of Coopers Filters Ltd. in Great Britain |
| 1989 | Established a joint venture, Iberica de Suspensiones S.L., in Alsasaua (Spain) with NHK Spring Co., Ltd. to produce suspension coil springs and stabilizer bars. |
| 1991 | Acquisition of Sogefi Industrial de Autopecas Ltda |
| Mar. 1992 | Sold its 47.97% investment in Boge AG to the Mannesmann group. |
| Mar. 1993 | Completed the sale of the assets and liabilities of Svama S.r.l., a wholly-owned trading subsidiary. |
| Jul. 1993 | Entered into a 50:50 joint venture with Arvin Industries Inc. The new group, Timax Exhaust Systems (Holding) B.V., comprises the following companies: Ansa Marmitte S.p.A, the Rosi group, Timax UK Ltd., and Masterparts BV The joint venture company manufactures spare parts for automobiles and are sold in Europe. |
| 1993 | Formed a joint-venture in Russia named Interzapchast A/O which is 16% owned by Company, 25.3% by Allied-Signal, 25.3% by Federal Mogul and 33.3% by Lada AvtoVAZ. |
| Jun. 1994 | Through its subsidiary, Sogefi Industria de Autopecas Ltda, acquired a 60% interest of 3 Argentinian companies: Winner S.A.I. y C., Ergio S.A.I. y C., and Ecosur S.A.I. y C. |
| Jul. 1994 | Formed a joint venture with Allied Signal for the distribution of auto components in the after market in Europe, Russia, Africa, and the Middle East. Company acquired a 35% interest in the joint venture, which will operate under the trademark Allied Signal Aftermarket Europe. This new group will streamline distribution through France, Italy, United Kingdom, Spain, Germany, Turkey, Benelux, and Scandinavia, to serve more than 20,000 customers. |
| 1994 | Through its subsidiary Ateliers Metallurgiques de Saint Urbain S.A., acquired a 100% interest in Montal S.A. (France) and E.S. Metal S.A. (France). |
| Disposed of its interest in Svama S.r.l | |
| Acquired an additional 20% interest in NAM S.A. | |
| Decreased its interest in Sogefi Latino Americana Finance BV to 80%. | |
| 1995 | Formation of Liaoyang KS Automotive Spring Company Ltd. in China |
| 1996 | The Company's Rejna subsidiary, in the suspension components division, acquired two companies from Germany's Krupp group: Luhn & Pulvermacher and Dittman & Neuhaus, which manufacture springs and stabilizer bars. |
| 1997 | Sold its remaining investment in Timax Exhaust Systems (TESH) to the American company Ansa Automotive Parts Distributors Inc. |
| Facilities in UK began their production of fuel-injection filters and new panel-type air filters for Japanese cars. Started manufacturing diesel filters in Italy and filters for vehicle air conditioning units in France. |
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| The building of new factories in San Nicola di Melfi and Fronville, Italy, for flexible components, division in Belo Horizonte, Brazil, and Buenos Aires, Argentina for filters division, and a new distribution center in Mantova. | |
| Dec. 1998 | Acquired the remaining 25% interest in Ansa Automotive Parts Distributors Inc, raising its ownership percentage to 100%. |
| 1998 | Formed a joint-venture with Italy's Fiamm Group, the market leader in horns for vehicles. Fiamm-Sogefi Buzinas Ltda is based in São Paulo, Brazil. |
| Feb. 1999 | The Fiamm Filter group, a 100% subsidiary within Sogefi's filters division, acquired PBR SA, Spain's second-largest manufacturer of automotive filters. |
| Nov. 1999 | Acquired Allevard Ressorts Automobile group |
| 1999 | Arto Iberica S.A., a subsidiary of Company, acquired a 100% interest in Industrial PBR S.A. |
| Arto Iberica S.A. changed its name to Sogefi Filtration S.A. | |
| AMSU S.A., a subsidiary of the Company, acquired a 100% interest in the Allevard group. | |
| Mar. 2000 | Expanded in South America in the suspension sector. |
| A partial spin-off was carried out, transferring to the Company part of Rejna S.p.A., as well as its interests in the subsidiaries SMB S.r.l., LPDN GmbH, NAM S.A. and ARA S.A. | |
| Sep. 2000 | Acquired 100% stake in Sogefi Filtration S.p.A. |
| Inauguration of a new plant in France through a joint-venture company with Renault S.A. for the cold-production of shock-absorber springs. | |
| Oct. 2000 | Acquired the United Springs Group, and strengthened its position in the precision spring sector. |
| Nov. 2000 | Bought the precision spring operations of United Industries (UK). |
| 2000 | The interests in the subsidiaries Ligget Argentina S.A. And Allevard Molas do Brazil Ltda (Brazil) were raised to 100% by acquiring the capital in the hands of minority interests. The Brazilian company also bought MACISA S.A.'s stabilizer bars business. |
| Sogefi Filtration S.p.A. sold a building for logistics management located in Valdaro and closed the plant in Castelbelforte to concentrate operations at the Mantua and Castelfranco Veneto sites. | |
| Mar. 2001 | Through its Subsidiary Allevard Rejna Autosuspensions S.A, increased its controlling stake in Allevard Rejna Technologie a Froid S.A. up to 100%, acquiring the remaining 51% from Renault. |
| Jul. 2001 | Formed the company Senca S.c.a.r.l., active in the definition of contracts for the supply of electric power, gas and methane for its members. |
| Oct. 2001 | Acquired the businesses of the Filtrauto group from Valeo. The deal was worth a total of 98 million euros (the figure may be lower after audit), including 30 million for the acquisition itself and 68 million comprising the debt of the French group. |
| Jun. 2002 | Opened a new plant for the manufacture of suspension components (springs for shock absorbers and stabilizer bars for cars) in Moji Mirim Sao Paulo Brazil. |
| Nov. 2002 | Signed agreements in Charleston (West Virginia) for the construction of a production plant for the manufacture of coil springs and stabilizer bars for the American market. Simest (Company for the development of Italian enterprises abroad controlled by the Ministry of Production Activities) is taking part in this project alongside Sogefi as an Italian financial partner, together with West Virginia Development Office. |
| Dec. 2002 | Finalized the sale of 100% of the capital of its subsidiary Ansa Automotive Parts Distributors based in Macon (Georgia), a company specialized in marketing and selling silencers for luxury European cars in the USA. |
| 2003 | Established a new company for suspensions, Allevard Springs, U.S.A., Inc. (WV) |
| 2004 | From January 15, 2004, SOGEFI S.p.A. shares are listed in the STAR Stock Exchange segment. |
| In July the first industrial company of the Group, ALLEVARD SPRINGS USA (ASUSA), for the production and marketing of shock-absorber and stabilizing bars for car suspensions, starts working in USA. | |
| Jan. 2006 | The French subsidiary Filtrauto S.A. increased its scope of consolidation with a plant that makes plastic components in Argentan (France), the assets of which have been purchased with a view to integrating the production of certain strategic components. |
| May 2006 | A new joint venture with a local operator, Zhejiang Universe Filter Co. Ltd., (China) was set up to produce and market filtration systems. The company is 70% controlled by Sogefi Filtration S.p.A. And started up production for OE and IAM customers in early 2007. |
| 2011 | Acquired French automotive components group Mark IV Systemes Moteurs from the American holding company Mark IV LLC. |
| Jan 2014 | Opened two new plants in Shanghai, China. |
| Mar. 2017 | Announces a plan to build a new factory for engine filters in Morocco |
| Sep. 2018 | Announced a plan to sell to Ozler Plastik its Fraize plant in France. |
| Dec. 2018 | Informed that the Company has recently decided upon Romania, implementing a new greenfield project for suspension components as its second production unit in the country. |
| Dec. 2020 | Signed a binding agreement to sell its Brazilian filtration business to SA Eagle Holdings. |
| Jan. 2021 | Announced that it has sold its filtration plant in Cerdanyola, Spain, to Fragola International Group. |
| Aug. 2021 | Completed the sale to SA Eagle Holdings LLC of its filtration business in Argentina. |
| Apr. 2022 | Inaugurated the new European E-Mobility Tech Center, based in eastern France. |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
>>>Business Report FY ended Dec. 31, 2009
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss
