19.10.2015

Linamar on the acquisition trail

Skyjack parent Linamar has made a €771 million all cash offer for French aluminium automotive castings manufacturer Montupet.

Linamar chief executive Linda Hasenfratz said: "Montupet is a technical leader in the market, well known and respected for its engineering and processing expertise in the cylinder head segment in particular, where we intend to grow and leverage our respective strengths. Our businesses are very complementary, with our finished machining strength and Montupet's casting expertise, and we are remarkably aligned in our business philosophies, manufacturing discipline and employee dedication with strong values and culture given our family business approach."