GUELPH, ON, Oct. 1, 2013 /CNW/ - Linamar Corporation
(TSX:LNR) announced today that it has completed its acquisition
from Muhr und Bender KG ("MKG") and Mubea Motorkomponenten GmbH
("MMKG") of MMKG's business of manufacturing and distributing
assembled camshafts, located in Hildburghausen, Thale and
Thale-Warnstedt, Germany.
"The acquisition of the Mubea assembled camshaft
business adds leading-edge lightweight and fuel efficient
hydroformed and assembled camshaft technology to our existing
technology portfolio on camshafts," said Linda Hasenfratz, CEO, Linamar Guelph.
"Additionally, their capabilities on hot forging production will
provide a significant enhancement to our machining and assembly
operations, globally. We are pleased to add Mubea's talented
workforce and advanced manufacturing capabilities to Linamar."
The camshaft business will be operated out of 3
locations in Germany employing
approximately 110 people and comprising nearly $25 million in sales with an expectation to
nearly double in size in the next 4 years.
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 2
operating segments - the Powertrain/Driveline segment and the
Industrial segments which are further divided into 4 key divisions
- Manufacturing, Driveline, Industrial Commercial Energy ("ICE")
and Skyjack, all world leaders in the design, development and
production of highly engineered products. The Company's
Manufacturing and Driveline divisions focus on precision metallic
components, modules and systems for engine, transmission and
driveline systems designed for passenger vehicle markets. The
ICE group concentrates on similar products for on and off highway
vehicle, energy and other industrial markets. The Company's
Skyjack division is noted for its innovative, high quality mobile
industrial equipment, notably its class-leading aerial work
platforms and telehandlers. With more than 17,400 employees in 40
manufacturing locations, 5 R&D centers and 15 sales offices in
12 countries in North America,
Europe and Asia, Linamar generated sales of more than
$3.22 Billion in 2012. For more
information about Linamar Corporation and its industry leading
products and services, visit www.linamar.com
SOURCE Linamar Corporation