Linamar to acquire Aludyne's North American assets, expanding its North American production footprint

Linamar Corporation, a Canadian automotive supplier, recently announced that it has reached a definitive agreement to acquire certain assets of Aludyne's North American operations. The transaction, valued at $300 million, will significantly expand Linamar's North American production footprint, particularly in the US market. Upon completion of the acquisition, Aludyne's North American operations will be integrated into Linamar's Structural Components Group, further strengthening Linamar's ability to provide local support to customers.