Frédéric Japy sets up a watch movement factory in Beaucourt, near Montbéliard.
Foundation in Morvillars
in the Belfort region of
the MIGEON & DOMINÉ
factory that was to become
VIELLARD MIGEON & Cie.
Initially specializing in the production of wire, the company quickly diversified into processing.
JAPY Frères and VIELLARD MIGEON & Cie. decide to join forces to launch the first industrial manufacture of forged wood screws in France.
A bolt manufacturing business
is set up at Champagney by
the BOHLY family; the Société
Industrielle de Delle is founded
by the DUBAIL-KOHLER family
in the town of Delle, Belfort.
The company quickly begins to specialize in the manufacture of machine-turned screws.
The family-run businesses (BOHLY, DUBAIL-KOHLER and VIELLARD) merge to found a company called GFD, thus becoming France’s foremost manufacturer of standard and automotive nuts and bolts.
GFD acquires BLANC AERO, which
specializes in aerospace fasteners and in
packaging components for the per fumery
sector. This new group is named GFI.
This operation is made possible thanks to the entry of the PEUGEOT family into the capital of CID (Compagnie Industrielle de Delle). Over 40 years later, these three families (KOHLER, PEUGEOT and VIELLARD) are still the Group’s key shareholders.
GFI is floated on the Paris Stock Exchange’s over-the-counter market and becomes GFI Industries.
During the 90’s, GFI Industries strengthens in its different sectors through the acquisition of more than fifteen companies in Europe and the United States, while the group withdraws from GFD (standard).
To reflect its business lines mor e closely, GFI Industries becomes LISI, an acronym of LInk Solutions for Industry. Its three divisions all take the same name, adding to it their main core business: LISI AEROSPACE, LISI AUTOMOTIVE and LISI COSMETICS.
The Group returned to external growth with two major acquisitions:
- Acquisition by LISI AUTOMOTIVE of two French sites from the
American Group, Acument Global Technologies, specializing in
the manufacture of fasteners for the automotive industry.
- LISI MEDICAL purchases a hip implant pr oduction site from the US group STRYKER Corporation, one of the world’s leading medical technology suppliers, boosting its initial acquisitions of 2007.
The Group continues the movement to strengthen and build its position in strategic markets started in 2010. The year 2011 was marked by the following transactions:
- the disposal of
- the acquisition of the Creuzet group by LISI AEROSPACE.
Mainly specializing in the forging of metal parts for aerospace applications, the Manoir Aerospace group was consolidated into LISI AEROSPACE with the aim of strengthening the Structural Components arm with the integration of complementary technologies.
The LISI Group acquires 100% of the shares of Remmele Medical Operations (USA), which specializes in the manufacture of implants and minimally invasive surgery instruments.
On October 31, 2017, the LISI Group buys 51% of the shares of TERMAX (Automotive USA) and undertakes to buy back the 49% of the remaining shares by March 31, 2021.
LISI AUTOMOTIVE confirms in November 2018 the acquisition of the American company Hi-Vol Products, thus aiming to strengthen its global position in the production of mechanical safety components with a strong technical base in North America.
LISI AEROSPACE sells two subsidiaries:
- INDRAERO SIREN in Argenton-sur-Creuse and Déols (France),
- LISI AEROSPACE Creuzet Maroc in Casablanca (Morocco),
whose principal activities are sheet metal and the assembly of aerostructures (turnover of €61 million in 2018, 705 employees). Through this transaction, LISI AEROSPACE is pursuing two objectives:
refocusing its activities on selected technologies in high added value primary components, and more closely targeting its CAPEX.
LISI AUTOMOTIVE sells the screws, chassis studs and joints business belonging to its subsidiary LISI AUTOMOTIVE Former in Saint-Florent-sur-Cher (turnover of €36.1 million in 2018). This disposal, following the recent acquisitions of the American companies Termax and Hi-Vol Products, enables the LISI AUTOMOTIVE division to continue to refocus its activities high added value components.