Groupe Legris Industries welcomes new division - Keyria

The acquisition of Ceric by Groupe Legris Industries announced on October 6 was officially finalized on December 13, 2006 following the approval of the competition authorities.

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This acquisition reflects the strategic vision that has shaped the development of the Group’s industrial operations over the past 20 years, helping achieve leading positions worldwide with a clear focus on international markets. In each case, Group subsidiaries’ industry-specific expertise and unique resources are backed by the management skills and financial clout of Groupe Legris Industries.

By joining the Group’s existing divisions—Legris (industrial connectors, sales €225 million) and Savoye (automated logistics for distribution centers, sales €95 million)—Ceric will be able to draw on Group support to enter a new stage in its development. For Legris Industries, the aim is to help Ceric become a world leader in turnkey solutions and services for factories specialized in products for the construction industry.

Charles-Antoine de Barbuat, previously head of Savoye, is joining Ceric as Chairman and CEO.