LNR Linamar Corp

Skyjack Inc., a Linamar Company (TSX:LNR) today announced it has finalized its
purchase agreement and acquired Volvo's Material handling equipment business
based in Shippensburg, PA.


Early in March, Linamar announced it had an interest in acquiring Volvo's
material handling equipment business by entering into discussions relating to
the purchase of selected assets of Volvo's Material Handling Equipment (MHE)
Business purchase agreement.


Skyjack is interested in the Volvo Material Handling Equipment business as it
complements the acquisition of Carelift Equipment completed in August of 2007.
This acquisition would further expand Skyjack's Telehandler product offering,
add a Rough Terrain Straight Mast Fork Lift product and provide additional
manufacturing capacity to further the company's growth potential.


"We are very pleased to see this important deal come to completion," said Linda
Hasenfratz, CEO of Linamar Corporation. "The product diversification brought to
us by this acquisition is a critical element in our strategy to continue to grow
our Skyjack division despite tough economic times."


Skyjack will be moving the assets from their current location in Shippensburg to
a yet to be determined site.


Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of
highly engineered products. The company's Powertrain and Driveline focused
divisions are world leaders in the collaborative design, development and
manufacture of precision metallic components, modules and systems for global
vehicle markets. The company's Industrial division is a world leader in the
design and production of innovative mobile industrial products, notably its
class-leading aerial work platforms. With more than 12,000 employees in 37
manufacturing locations, 5 R&D centers and 9 sales offices in Canada, the US,
Mexico, Germany, Hungary, China, Korea and Japan Linamar generated sales of
close to $2.3 Billion in 2006. For more information about Linamar Corporation
and its industry leading products and services, visit www.linamar.com.


Certain information regarding Linamar set forth in this document, including
management's assessment of the Company's future plans and operations may
constitute forward-looking statements. This information is based on current
expectations that are subject to significant risks and uncertainties that are
difficult to predict. Actual results may differ materially from these
anticipated in the forward-looking statements due to factors such as customer
demand and timing of buying decisions, product mix, competitive products and
pricing pressure. In addition, uncertainties and difficulties in domestic and
foreign financial markets and economies could adversely affect demand from
customers. These factors, as well as general economic and political conditions,
may in turn have a material adverse effect on the Company's financial results.
The Company assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those reflected in
the forward-looking statements.

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