Martinrea acquires Lyseon assets

Executive Summary

• Martinrea International Inc. has acquired the assets of Lyseon North America Inc., a manufacturer of metal parts and assemblies for the bus market.
• The acquisition includes Lyseon's plant in Tulsa, Oklahoma, which Martinrea intends to continue operating with plans for future growth.
• The transaction adds a strategic U.S. location, expands product offerings, and secures additional work for key customer International Motors.

Key Details

• Acquirer: Martinrea International Inc.
• Target: Lyseon North America Inc.
• Transaction Type: Asset acquisition.
• Target Operations: Lyseon operated a plant in Tulsa, Oklahoma, primarily manufacturing metal parts and assemblies for the bus market.
• Strategic Rationale:
  • Adds work for customer International Motors.
  • Provides a new, strategically placed location in the U.S.
  • Offers an opportunity to grow the business and broaden product offerings.
• Post-Acquisition Plan: Martinrea will continue to operate the Tulsa business and intends to grow it over time.
• Acquirer Profile: Martinrea is a global supplier of metal parts, assemblies, modules, and fluid management systems, primarily for the automotive sector, with over 18,000 employees across 56 locations globally.

Notable Quotes

• "This acquisition adds work for a great customer, International Motors; a new location strategically placed in the U.S.; and an opportunity to grow our business and broaden our product offerings. We are excited to welcome the Lyseon team to Martinrea," said Fred Di Tosto, president, Martinrea.