Le Groupe Plastiques du Val de Loire (Plastivaloire) is in talks to acquire Groupe Bourbon.
Plastivaloire of Langeais is teaming up with the Fonds de Modernisation des Ãquipementiers Automobiles to negotiate buying Bourbon, which is based in Saint-Lupicin, France, and specializes in decorated plastic auto parts.
Terms were not disclosed.
Plastivaloire spokesman Nicolas Bouchez would not comment on the proposal except to say the deal would be a good opportunity for the firm.
According to European Plastics News' recent ranking, Bourbon is the 28th-largest injection molder in Europe, with global sales of 187 million euros ($250 million). Plastivaloire is No. 32, with global sales of 165 million euros ($220 million).
Plastivaloire is one of France's largest suppliers of plastics to the auto industry. Last year, it acquired Key Plastics' operations in France and Slovakia for 6 million euros. It also supplies the electrical and electronics market.
The FMEA was created in 2009 to combat the economic crisis in the French auto industry and is owned by investment fund le Fonds Stratégique d'Investissement, PSA Peugeot CitroÃ«n and Renault.