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Linamar Completes Acquisition of Aludyne North America Assets
Globenewswire· 2025-11-15 13:00
Core Insights - Linamar Corporation has completed the acquisition of select Aludyne North America assets for $300 million USD, initially announced on October 9, 2025 [1][2] - The acquisition enhances Linamar's Structures and Chassis business by adding capabilities in aluminum casting, precision machining, and product design, aligning with its strategic focus on propulsion-agnostic structural components [2][3] - The integration of Aludyne's facilities into Linamar's Structures Group is expected to optimize business operations and support key customer needs [4][3] Company Overview - Linamar Corporation is a diversified advanced manufacturing company that combines leading-edge technology with deep manufacturing expertise, serving various industries including Mobility, Agricultural, MedTech, Water, Power, Defense, and Robotics [5] - The company operates over 75 manufacturing locations, 17 R&D centers, and 31 sales offices across 19 countries, employing more than 34,000 people and generating sales exceeding $10.5 billion in 2024 [5]
Linamar seals $300m deal to buy Aludyne’s North American assets
Yahoo Finance· 2025-10-13 10:17
Core Viewpoint - Linamar has agreed to acquire select North American assets of Aludyne for $300 million, which will significantly enhance Linamar's manufacturing presence in North America, particularly in the US [1][4]. Group 1: Acquisition Details - The deal includes substantially all of Aludyne's precision casting, machining solutions, and manufacturing operations within North America [1]. - Aludyne is recognized as a Tier 1 automotive supplier, focusing on lightweight aluminum chassis and structural technologies, operating across six countries with 20 manufacturing facilities and five technical centers [2]. - The North American assets of Aludyne will be integrated into Linamar's Structures Group, part of the firm's wider Mobility Segment [2]. Group 2: Strategic Implications - Linamar's executive chair stated that the acquisition enhances leadership in propulsion-agnostic, lightweight aluminum casting and machining technologies, providing growth opportunities for Linamar's structural casting business [3]. - The acquisition is considered highly complementary to Linamar's existing Structures and Chassis business, adding capabilities in aluminum casting, precision machining, and product design [3]. Group 3: Financial and Operational Aspects - Linamar plans to finance the acquisition through existing credit facilities and available cash reserves [5]. - The deal is expected to be accretive shortly after completion, enhancing Linamar's capacity to support local customers [4]. - Aludyne's international operations in Europe and Asia will remain unaffected by the deal, allowing the company to focus on its initiatives in those regions [5].
Linamar Corporation to Acquire Aludyne's North American Assets, Further Enhancing Structural Casting Capabilities
Globenewswire· 2025-10-09 21:00
Core Viewpoint - Linamar Corporation has announced a definitive agreement to acquire select assets of Aludyne Incorporated's North American operations for $300 million USD, enhancing its manufacturing capabilities in the automotive sector [1][2]. Group 1: Acquisition Details - The acquisition is valued at $300 million USD and will significantly expand Linamar's manufacturing footprint in North America, particularly in the United States [1]. - Aludyne specializes in lightweight aluminum chassis and structural technologies, which complements Linamar's existing Structures and Chassis business [2]. - The integration of Aludyne's facilities into Linamar's Structures Group is part of the company's broader Mobility Segment strategy [2]. Group 2: Strategic Benefits - The addition of U.S.-based manufacturing assets will strengthen Linamar's local support for customers, which is crucial in the current global trade environment [3]. - A diversified geographic footprint will enhance resilience and flexibility in response to geopolitical and regulatory changes while maintaining high quality and delivery standards [3]. - The acquisition will also create new collaborative business opportunities for Linamar's Canadian operations, reinforcing its commitment to domestic manufacturing [4]. Group 3: Operational Integration - Linamar has a history of successful integrations and plans to follow a proven model for this acquisition, ensuring continuity and growth [5]. - The highly qualified Aludyne teams are expected to be valuable additions to Linamar's global workforce [5]. - The transaction is anticipated to be accretive soon after the acquisition is completed [5]. Group 4: Leadership Comments - Linda Hasenfratz, Executive Chair of Linamar, expressed enthusiasm about the acquisition, highlighting its potential to enhance Linamar's leadership in lightweight aluminum casting and machining technologies [5]. - Jim Jarrell, CEO and President of Linamar, noted that the acquisition reinforces supply chain stability for OEM customers and reflects Linamar's strong financial position [5]. - Eric Showalter, CEO of Aludyne, emphasized the growth and innovation opportunities presented by joining Linamar [5]. Group 5: Transaction Timeline - The transaction is subject to customary regulatory approvals and is expected to close within 30 days [5]. - Linamar will fund the acquisition using available liquidity under its existing credit facilities and cash on hand [5].
Linamar Corporation to Acquire Aludyne’s North American Assets, Further Enhancing Structural Casting Capabilities
Globenewswire· 2025-10-09 21:00
Core Viewpoint - Linamar Corporation has announced a definitive agreement to acquire select assets of Aludyne Incorporated's North American operations for $300 million USD, enhancing its manufacturing capabilities in the automotive sector [1][2]. Group 1: Acquisition Details - The acquisition is valued at $300 million USD and will significantly expand Linamar's manufacturing footprint in North America, particularly in the United States [1]. - Aludyne specializes in lightweight aluminum chassis and structural technologies, which complements Linamar's existing Structures and Chassis business [2]. - The integration of Aludyne's facilities into Linamar's Structures Group is part of the company's broader Mobility Segment strategy [2]. Group 2: Strategic Benefits - The addition of U.S.-based manufacturing assets will strengthen Linamar's local support for customers, which is crucial in the current global trade environment [3]. - A diversified geographic footprint will enhance resilience and flexibility in response to geopolitical and regulatory changes while maintaining high quality and delivery standards [3]. - The acquisition will also create new collaborative business opportunities for Linamar's Canadian operations, reinforcing its commitment to domestic manufacturing [4]. Group 3: Operational Integration - Linamar has a history of successful integrations and plans to follow a proven model for this acquisition, ensuring continuity and growth [5]. - The highly qualified Aludyne teams are expected to be valuable additions to Linamar's global workforce [5]. - The transaction is anticipated to be accretive soon after the acquisition [5]. Group 4: Leadership Comments - Linda Hasenfratz, Executive Chair of Linamar, expressed enthusiasm about the acquisition, highlighting its potential to enhance leadership in lightweight aluminum casting and machining technologies [5]. - Jim Jarrell, CEO of Linamar, noted that the acquisition reinforces supply chain stability for OEM customers and reflects Linamar's strong financial position [5]. - Eric Showalter, CEO of Aludyne, emphasized the growth and innovation opportunities presented by joining Linamar [5]. Group 5: Transaction Timeline - The transaction is subject to customary regulatory approvals and is expected to close within 30 days [5]. - Linamar will fund the acquisition using available liquidity under its existing credit facilities and cash on hand [5].