Linamar acquires GF's 50% stake in GF Linamar joint venture
Linamar Corporation agreed to acquire GF Casting Solutions' 50% interest in their joint venture GF Linamar LLC in Mills River, North Carolina, giving Linamar 100% ownership. The JV manufactures aluminum and magnesium structural and powertrain components for automotive and commercial vehicle customers.
Productsaluminum and magnesium structural and powertrain components
“Acquiring full control over this facility will enable us to be more agile and pursue further market opportunities.”newswire.ca
- 5 sources
- newswire.caLinamar Acquires Partner's Interest in GF Linamar Joint Venture Casting FacilityLinamar CorporationMar 31, 2022
- marketscreener.comLinamar Corporation completed the acquisition of 50% remaining interest in GF Linamar LLC from GF Casting Solutions AG for $97 million.S&P Capital IQMar 31, 2022
- autotechinsight.spglobal.comLinamar takes over GF’s 50% share in US die-casting JV - Automotive Technology Insight | Forecasts | Industry News | Supply ChainApr 1, 2022
- autonews.comLinamar targets structures segment, buys Georg Fischer stake in N.C. plant - Automotive NewsDavid KennedyApr 1, 2022
Summarized from public sources; check the original articles before acting on it.
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