Martinrea International Inc. Acquires Assets of Lyseon North America Inc.

Executive Summary

• Martinrea International Inc. announced the acquisition of the assets of Lyseon North America Inc., a metal‑parts manufacturer for the bus market located in Tulsa, Oklahoma.
• The acquired business will be retained and operated by Martinrea in Tulsa, with plans to grow the operation and broaden product offerings, adding work for key customer International Motors.
• The transaction expands Martinrea’s U.S. footprint and diversifies its lightweight structures and propulsion systems portfolio.

Key Details

• Target: Lyseon North America Inc., previously operating a plant in Tulsa, Oklahoma producing metal parts and assemblies for the bus market.
• Acquisition Scope: Purchase of all assets of Lyseon North America; no mention of cash consideration or financing terms disclosed.
• Strategic Rationale: Adds a new U.S. location strategically placed to serve International Motors and other customers; provides opportunity to grow the business and broaden Martinrea’s product offerings in lightweight structures and propulsion systems.
• Operational Plan: Martinrea will continue operating the Tulsa facility under its existing management team, integrating it into its global network of 56 locations.
• Future Outlook: Management intends to expand the acquired business over time, leveraging synergies with existing operations and customer base.

Notable Quotes

“This acquisition adds work for a great customer, International Motors; a new location strategically placed in the US; and an opportunity to grow our business and broaden our product offerings. We are excited to welcome the Lyseon team to Martinrea,” – Fred Di Tosto, President, Martinrea International Inc.