Linamar seals $300m deal to buy Aludyne’s North American assets

Canada’s Linamar has agreed to acquire select North American assets of auto parts company Aludyne, in a deal valued at $300m. The deal encompasses substantially all of Aludyne's precision casting, machining solutions, and manufacturing operations within North America. It is set to “significantly” enhance Linamar's manufacturing presence across the continent, particularly in the US, according to a statement from the Canadian manufacturer. Aludyne, based in Southfield, Michigan, is recognised as a Tier 1 ...