Linamar closes Aludyne N.A. asset buy for $300M (U.S.)

Ms. Linda Hasenfratz reports LINAMAR COMPLETES ACQUISITION OF ALUDYNE NORTH AMERICA ASSETS Linamar Corp.'s previously announced acquisition of select Aludyne North America assets has been completed. The deal was initially announced on Oct. 9 for Linamar to acquire a substantial portion of Aludyne North America assets for $300-million (U.S.). This acquisition is highly complementary to Linamar's existing structures and chassis business, adding advanced capabilities in aluminum casting, precision machining and product design. Aludyne's portfolio includes knuckles, subframes, control arms and axle housings, which aligns with Linamar's strategic focus on propulsion-agnostic structural components. Upon deal completion, these Aludyne North America facilities will be integrated into the Linamar structures group, part of the company's broader mobility segment. Linamar has executed similar integrations in the past, and this acquisition follows a proven model. Working closely with its valued customer base, Linamar has developed a long-term, sustainable business plan that ensures continuity and growth. The highly qualified and capable Aludyne teams will be a valuable addition to Linamar's global work force. Linamar management will immediately begin integration activities to accelerate the business optimization plan and to better support the needs of its key customers. Linamar is a diversified advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. At the heart of Linamar is the technologies it delivers: casting, forging, metal forming, machining and assembly, and fully engineered products. It serves a broad variety of industries, from its on- and off-highway mobility business to its agricultural and access businesses to new areas of expansion in medtech, water, power, defence and robotics. It proudly markets its global, class-leading products under the brands Linamar, Skyjack, MacDon, Salford, Bourgault and McLaren Engineering. Linamar has over 34,000 employees in 75 manufacturing locations, 17 research and development centres and 31 sales offices in 19 countries in North and South America, Europe, and Asia, which generated sales of more than $10.5-billion in 2024. We seek Safe Harbor.