INDUSTRY news
Linamar’s Offer on Montupet Latest Move Into Casting Market Powertrain component supplier Lina-
mar Corp., Guelph, Ontario, Canada, has made an off er to purchase France-based Montupet S.A., a producer of aluminum castings and parts for the European automotive sector, for $882 million. Montupet has agreed to support the off er and not solicit other bids. Linamar is a full service manufac-
turer of precision metallic components and systems for a variety of global markets with a particular expertise in aluminum component machining such as cylinder heads, blocks, transmission cases and housings and other criti- cal engine, transmission and driveline components and sub-systems. Montupet is a strong player in global automotive markets in design- ing and manufacturing sophisticated aluminum castings for leading global OEMs. Montupet has expertise in low pressure and gravity diecasting pro- cesses for cylinder head manufacturing
and also off ers other key cast aluminum products such as turbo charger compo- nents and steering knuckles. T e business combination represents a
signifi cant milestone in Linamar’s strategy to create global leadership in the integrated casting and machining of aluminum com- ponents for the automotive sector. “We are thrilled to reach these
agreements with Montupet and the key
shareholders of Montupet to support our Tender Off er,” said Linamar CEO Linda Hasenfratz in a statement. “Our busi- nesses are very complementary, with our fi nished machining strength and Montu- pet’s casting expertise…Together, we are poised for great success, as we can jointly off er our customers one-stop shopping for collaboratively designed, cast, fully machined and assembled cylinder heads and other light metal cast products.” According to Linamar, it has fi - nancing commitments for up to 100% of the cash price. T e announcement comes just a
Montupet supplies cylinder heads for a line of 1.6-liter engines from BMW.
few months after Linamar entered into a joint venture with GF Automotive, a division of Georg Fischer AG, to provide integrated light metalcasting and machining solutions to global custom- ers. As part of this agreement, the two companies plan to build a jointly owned nonferrous diecasting facility in the southeastern U.S. ■
Nov/Dec 2015 | METAL CASTING DESIGN & PURCHASING | 7
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