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
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