LISI GROUP - 2018 Financial report

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6.2 IHistory
1777
Frédéric Japy sets up a watch movement factory in Beaucourt, near
Montbéliard.
1796
Some years later MIGEON&DOMINE is founded inMorvillars in theBelfort
region, later to become VIELLARD MIGEON et Compagnie (VMC). Initially
a specialist in the manufacture of wires, the company rapidly integrated
processing activities.
1806
JAPY Frères and VIELLARD&MIGEON decide to join forces to launch the
industrial manufacture of forged wood screws in France.
1897‑99
Founding in Champagney (Haute-Saône) by the Bohly de la Boulonnerie
family; then 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 themanufacture of machine-turned screws.
1968
The family-run businesses (BOHLY, DUBAIL-KOHLER and VIELLARD)
merge to found a company calledGFD, thus becoming France’s foremost
manufacturer of standard and automotive nuts and bolts.
1977
GFD acquires BLANC AERO, which specializes in aerospace parts and in
packaging components for the Perfumery sector. This new group is
named GFI.
This transaction was made possible thanks to purchase by the Peugeot
family of a stake of CID (Compagnie Industrielle de Delle), the controlling
shareholder of LISI. Over 40 years later, these three families (KOHLER,
PEUGEOT and VIELLARD) are still the Group’s key shareholders.
1989
GFIisfloatedontheParisStockExchange’sover-the-countermarketand
becomes GFI Industries.
1990 / 2000
Duringthe90’s,GFIIndustriesstrengthensinitsdifferentsectorsthrough
the acquisition of more than fifteen companies in Europe and the United
States, while the group withdraws fromGFD (standard).
2002
Tobetterdelineate itsspecialistareas,GFIIndustriesbecomesLISI,(LInk
Solutionsfor Industry); itsthreedivisionseachtakeonthisnameandadd
their main business line:
LISI AEROSPACE, LISI AUTOMOTIVE and 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 (LISI AEROSPACE).
2010
The Group returned to external growth with twomajor acquisitions:
−− acquisitionbyLISIAUTOMOTIVEoftwoFrenchsitesfromtheAmerican
group, Acument Global Technologies, specializing in themanufacture
of fasteners for the automotive industry;
−− LISI MEDICAL purchases a hip implant production site from the US
group STRYKER Corporation, one of the world’s leading medical
technology suppliers, boosting its initial acquisitions of 2007.
2011
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:
−− LISI COSMETICS was deconsolidated on January 1, 2011 following the
sale completed as at April 6, 2011;
−− TheCreuzetGroupispurchasedandincorporatedwithintheAerospace
division as of July 1, 2011.
2014
Mainlyspecializingintheforgingofmetalpartsforaerospaceapplications,
the Manoir Aerospace group has been consolidated since June 5, 2014
into LISI AEROSPACE with the aim of strengthening the Structural
Components armwith the integration of complementary technologies.
2015
At its meeting on October 21, 2015, the Board of Directors voted to adopt
a new structure for its governing bodies that separates the positions of
Chairman of the Board of Directors and CEO. Thus, as from March 1, 2016:
Mr.GillesKohler,previouslytheChairmanandCEOofthecompany,remains
the non-executive Chairman of the Board of Directors. Mr. Emmanuel
Viellard, previously Deputy Chairman&CEO, is now in charge of the Group’s
senior management.
TheLISI Group expands into 3Dprinting, with the creationof a subsidiary,
LISI AEROSPACE ADDITIVE MANUFACTURING, dedicated to the additive
manufacturing of mechanical parts for the aeronautical and space
industries.
2016
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.