LNR Linamar Corp

Linamar Corporation (TSX:LNR) ("Linamar" or the "Corporation") today announced
that, pursuant to a conciliation proceeding under French law, subsidiaries of
Linamar have agreed with the Famer Group of companies and Famer's principal
creditors to acquire the assets of Famer's three commercial and industrial
components businesses and that the Commercial Court in Lyon, France has approved
the agreement. The Famer Group is made up of 3 facilities which manufacture
cylinder heads, blocks, gears and other engine and transmission parts for large
engines, off-highway and automotive applications, are located in St Romain en
Gier, St Etienne and Montfaucon, France and are owned by Famer Industrie, Famer
Transmissions and Famer Rivoire. Total revenue is approximately EUR50 million
today. Pursuant to the proposed acquisition, the approximately 300 full-time
employees and other temporary employees of the businesses will be transferred to
the relevant Linamar subsidiaries. The agreement continues to be subject to the
satisfaction of conditions precedent. Closing is expected to occur in February.


Linda Hasenfratz, Linamar's CEO, stated that "We look forward to the completion
of this transaction which will add the Famer companies to the Linamar family.
Their experienced, highly skilled work force, customer base, products and
strategic location within Europe add another great building block for our
European growth particularly with targeted customers." 


Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of
highly engineered products powering vehicles, motion, work and lives. The
company is made up of 4 key divisions - Industrial Commercial Energy,
Manufacturing, Driveline and Skyjack. The company's Manufacturing and Driveline
divisions are world leaders in the collaborative design, development and
manufacture of precision metallic components, modules and systems for engine,
transmission and driveline systems for global passenger vehicle markets. The ICE
division is globally respected for the manufacture of similar products for on
and off highway, energy and other industrial markets. The company's Industrial
division is a world leader in the design and production of innovative mobile
industrial equipment, notably its class-leading aerial work platforms and
telehandlers. With more than 12.500 employees in 38 manufacturing locations, 5
R&D centers and 11 sales offices in Canada, the US, Mexico, Germany, Hungary,
the UK, China, Korea and Japan, Linamar generated sales of close to $1.7 Billion
in 2009. 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; the
cost, timing and effectiveness of cost reduction initiatives; 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 market, 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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