History

Creation

Frédéric JAPY sets up a watch movement factory in Beaucourt (East of France).

1777

Founding of the company

MIGEON & DOMINE is founded in Morvillars in the Belfort region, later to become VIELLARD MIGEON et Compagnie (VMC). Initially a specialist in the manufacture of wires, the company rapidly integrates processing activities.

1796

1st forged wood screws

JAPY Frères and VIELLARD & MIGEON decide to join forces to launch the first industrial manufacture of forged wood screws in France.

1806

Creation of SID

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.

1897/99

Creation of GFD

These family-run businesses (BOHLY, DUBAIL KOHLER and VIELLARD) merge to form a company called GFD, thus becoming France’s foremost manufacturer of standard and automotive nuts and bolts.

1968

GFD became GFI

GFD acquires BLANC AERO, which specializes in aerospace fasteners and in packaging components for the perfumery 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). More than 40 years later, these 3 families, KOHLER, PEUGEOT and VIELLARD remain the Group's key shareholders.

1977

Stock exchange introduction

GFI is floated on the Paris Stock Exchange’s Second Marché and becomes GFI Industries.

1989

Acquisitions

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).

1990/2000

GFI became LISI

To better delineate its specialist areas, GFI Industries becomes LISI (LInk Solutions for Industry); its three divisions each take on this name and add their main business line: LISI AEROSPACE, LISI AUTOMOTIVE et LISI COSMETICS.
The strategy of focusing on core business continues:

- Sale of non-strategic business lines (GFD, Ars Industries and the production unit at Aillevilliers),
- Acquisition of California's MONADNOCK by LISI AEROSPACE.

2002

External growth

The Group returns 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.
- Purchase by LISI MEDICAL of a site producing hip replacements from the American Group, Stryker Corporation, a leading global provider of medical technologies, which strengthens the initial acquisitions of 2007.

2010

Acquisition of Creuzet

The Group continues the movement to strengthen and build its position in strategic markets started in 2010. The year 2011 is marked by the following transactions:

- LISI COSMETICS is deconsolidated as at January 1, 2011 following the sale completed on April 6, 2011.
- Acquisition of the Creuzet Group, integrated into the Aerospace division as of July 1, 2011.

2011

Acquisition of Manoir Aerospace

Mainly specializing in the forging of metal parts for aerospace applications, the Manoir Aerospace Group has been consolidated since June 5, 2014 into LISI AEROSPACE with the aim of strengthening the Structural Components Business Group with the integration of complementary technologies.

2014

Creation of LAAM

The LISI Group enters the world of 3D printing with the creation of a subsidiary, LISI AEROSPACE Additive Manufacturing, dedicated to the additive manufacturing of aerospace mechanical parts.

2015

Acquisition of Remmele

The LISI Group acquires 100% of the shares of Remmele Medical Operations (USA), a company that specializes in the manufacture of implants and instruments for Mini-Invasive Surgery.

2016

Acquisition of Termax

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.

2017

Double certification

The LISI Group receives double ISO 14001 and OHSAS 18001 certification for all its activities. Previously each LISI site was individually certified, but now LISI is certified through a single multi-site certification.

LISI AUTOMOTIVE confirms in November 2018 the acquisition of the assets of the American company Hi-Vol Products which aims to strengthen its global position in the production of mechanical safety components with a strong technical base in North America.

On December 31, 2018, LISI AUTOMOTIVE sells BETEO GmbH & Co. KG. (€6.9 million in 2018), a company that specializes in surface treatment, to Germany's BENSELER with which a subcontracting agreement has been signed.

2018