Mexican Media Brands
Linamar in Talks to Buy French Aluminum Caster Montupet
Canadian auto supplier Linamar Corp. is negotiating to buy French cast-aluminum supplier Montupet SA for about €800 million ($919 million), sources tell Reuters.
#aluminum
Share
Canadian auto supplier Linamar Corp. is negotiating to buy French cast-aluminum supplier Montupet SA for about €800 million ($919 million), sources tell Reuters.
Montupet supplies cylinder heads, steering knuckles, housings and other components to such customers as Audi, BMW, PSA, Daewoo, Ford, General Motors, Nissan, Renault and Volvo. The company operates seven foundries in Mexico and Europe.
Reuters notes that Montupet’s management team, which owns about 37% of the company, expressed interest in selling their stake to an auto supplier with experience in light-metal casting.
Linamar is a $4.2 billion supplier of precision metal powertrain components. CEO Linda Hasenfratz has grown the company primarily through strategic acquisitions.
RELATED CONTENT
-
Range Rover Sport SVR Sets Low(ish) Speed Record
This is an interesting record: a Range Rover Sport SVR, which can accelerate from 0 to 60 mph in 4.3 seconds and has a top speed of 174 mph, was recently driven by Ho-Pin Tung, a Chinese-Dutch driver for the Panasonic Jaguar Racing team, on a road in the Hunan Province in China, and set a new record of an average speed of 42.8 mph.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Creating a Low-Cost Chassis Architecture
The engineers at Zenos Cars have combined recycled carbon fiber, drinking straws and aluminum to create a chassis for a low-volume sports car.