# 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.

- Type: Acquisition
- Announced: 2022-03-31
- Where: Mills River, North Carolina, United States
- Value: $97.0M
- Status: announced
- Products: aluminum and magnesium structural and powertrain components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Linamar](https://endata.com/companies/2609.md) (acquirer)
- [Georg Fischer](https://endata.com/companies/11126.md) (partner)
- [Georg Fischer](https://endata.com/companies/11126.md) (target)
- [GF Linamar LLC](https://endata.com/companies/24343.md) (target)
- [GF Casting Solutions](https://endata.com/companies/35433.md) (partner)
- [GF Casting Solutions](https://endata.com/companies/35433.md) (target)
- [GF Casting Solution](https://endata.com/companies/62038.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/linamar-acquires-partner-s-interest-in-gf-linamar-joint-venture-casting-facility-880824865.html), 2022-03-31: "Acquiring full control over this facility will enable us to be more agile and pursue further market opportunities."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/LINAMAR-CORPORATION-1410670/news/Linamar-Corporation-completed-the-acquisition-of-50-remaining-interest-in-GF-Linamar-LLC-from-GF-Ca-41055917/), 2022-03-31: "Linamar Corporation completed the acquisition of 50% remaining interest in GF Linamar LLC from GF Casting Solutions AG for $97 million."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5265015/linamar-takes-over-gfs-50-share-in-us-die-casting-jv), 2022-04-01: "Canadian manufacturing company Linamar Corporation announced via press release on 31 March that it will be acquiring GF Casting Solution’s (GF) 50% interest in their joint venture, GF Linamar LLC."
- [autonews.com](https://www.autonews.com/suppliers/linamar-targets-structures-segment-buys-georg-fischer-stake-nc-plant/), 2022-04-01: "Linamar targets structures segment, buys Georg Fischer stake in N.C. plant"
- [alcircle.com](https://www.alcircle.com/news/linamar-and-georg-fischer-bond-over-their-joint-venture-to-produce-lightweight-structural-castings-78003), 2022-04-04: "We are very pleased to complete this transaction with GF."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.