Linamar Acquires Full Ownership of Joint Venture Casting Facility

with our customers’ platforms, drive the size and speed of our investments,” said Patrick Lawlor, president Gränges Americas. “This investment builds on Gränges Americas’ foil strategy and underscores our strategic focus and commitment to developing sustainable products and solutions.”■

“Gränges 公司凭借雄心勃勃的可持续发展战略，以及 客户的平台作用，提升了我们投资的规模和速度。这项投 资建立在 Gränges 美洲公司的箔片战略基础上，强调了 公司的战略重点和开发可持续产品和解决方案的承诺。”■

Linamar Corporation has acquired GF Casting Solutions’ 50% interest in the two companies’ 2015 joint venture, GF Linamar LLC (GFL) located in Mills River, North Carolina––as a result, Linamar will assume 100% ownership and operational control of the business. GF Casting Solutions (GF) is a division of Georg Fischer AG.

Combining expertise in high-pressure diecasting and machining to provide lightweight solutions for automotive and commercial vehicle customers, GFL manufactures structural and powertrain components in aluminum and magnesium.

“We are very pleased to complete this transaction with GF,” said Linda Hasenfratz, Linamar’s executive chair and CEO. “GF has been an excellent strategic partner; however, we view this ownership change as key to securing our longterm growth plan in lightweight structural castings. Increasing our structural content per vehicle is a key strategic priority for Linamar in reducing our business concentration in vehicle powertrains and increasing our content in electrified vehicles where lightweighting is so critical. Acquiring full control over this facility will enable us to be more agile and pursue further market opportunities.”

Linamar President and COO Jim Jarrell added, “Cast light metal structural components are a strategic priority in our automotive business and the future of electrified mobility. The book of business that GF Linamar secured demonstrates the strong customer demand for these products. Going forward, our new management structure will enable us to use one operational system to better focus on launching new business in the near-term and fully achieving our lightweight structural strategy in the long-term.”

In the interim, GF will continue to support Linamar and the customer’s requirements throughout this transitionary phase.

Financial details of the transaction were not disclosed. The transaction is expected to be fully funded with a combination of available cash and/or available credit under Linamar’s existing credit facilities. According to a Linamar press statement, GF Linamar LLC will undergo a rebranding name change and be fully integrated into Linamar’s Mobility Segment. ■

利纳玛集团已收购GF Casting Solutions事业部在 2015年成立的两家合资公司的50%的股权，新成立的 GF Linamar LLC（GFL）公司位于北卡罗来纳州米尔斯河。 收购后，利纳玛集团将拥有该公司100%的所有权，负责 运营。GF Casting Solutions（GF）是乔治费歇尔公司的 一个事业部。 GFL公司将整合高压压铸和机加工方面的专业知识， 为汽车和商用车客户提供轻量化解决方案，主要生产铝、镁 合金结构件和动力总成部件。 利纳玛集团的执行主席兼首席执行官琳达·哈森弗拉 茨表示：“我们非常高兴与GF公司完成这笔交易。GF 公司一直是优秀的战略合作伙伴，然而，我们认为所有权 的变化是确保我们在轻量化结构铸件方面长期增长计划的 关键。提高每辆车的结构件比例是利纳玛集团轻量化战略 的关键，从而降低汽车动力系统的业务集中度，增加电动 汽车业务。拥有新公司的完全控制权，将使公司的运营更 加灵活，进一步开发市场机会。” 利纳玛集团总裁兼首席运营官吉姆·贾雷尔补充道，“铸 造轻金属结构部件是汽车业务和电动汽车未来的战略重点。 GFL公司的订单表明客户对这些产品的强烈需求。展望未 来，新管理结构将使公司能够使用一个操作系统，更好地专 注于在短期内推出新业务，实现轻量化结构件的长期战略发 展目标。” 在过渡期间，GF公司将继续支持利纳玛集团及其客户。 交易的财务细节未披露。根据利纳玛集团现有的信贷 工具，该交易预计将通过可用现金和/或可用信贷的组合获 得全额资金。根据利纳玛集团的声明，GFL公司将进行更名， 并完全并入利纳玛集团的汽车部门。■