Plastic Omnium completed the acquisition of a 33.33% stake in HBPO for $296m.

Plastic Omnium, a French automotive supplier, completed the acquisition of a 33.33% stake in HBPO, a joint venture between three automotive suppliers, HELLA, Behr and Plastic Omnium, for $296m. "Together with our partners, we have successfully positioned HBPO as one of the leading suppliers of highly integrated front-end modules. In order to further sharpen our profile as a focused technology company with Lighting, Electronics as well as Lifecycle Solutions at its core, we have now decided to exit the joint venture. By purchasing our shares in the joint venture, Plastic Omnium will get the opportunity to further increase the focus of HBPO’s development, offering stakeholders a strong outlook," Michel Favre, HELLA CEO.