Linamar to Buy Aludyne’s North American Casting and Machining Assets for $300 Million

Overview

• The definitive pact covers substantially all North American precision casting, machining and manufacturing operations for $300 million.
• Linamar plans to fold the sites into its Structures Group within the Mobility segment to deepen aluminum structural casting capabilities.
• Aludyne’s facilities in Europe and Asia are not included and will continue operating separately.
• Funding will come from available liquidity and existing credit facilities, with closing targeted in about 30 days pending regulatory approvals and customary conditions.
• Linamar says the purchase broadens its U.S.-focused manufacturing footprint and is expected to be accretive soon after closing.