Article: Faurecia buys exhaust system supplier Emcon.

Byline: Ryan Beene

French auto supplier Faurecia SA said today it plans to acquire Emcon Technologies to create the world's largest exhaust systems supplier -- with $7.7 billion in annual revenue.

Faurecia plans to combine Emcon Technologies, which posted 2008 revenue of about $3.55 billion, with Faurecia Exhaust Systems. The new company will be called Faurecia Emissions Control Technologies, according to the announcement.

Emcon, of suburban Detroit, was formed in 2004 after One Equity Partners bought ArvinMeritor Inc.'s exhaust systems business for about $310 million.

Faurecia's acquisition is expected to close in early 2010. ...

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