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INDUSTRY NEWS


Linamar Looking to Expand European Operations Linamar Corporation (Guelph,


Ontario) announced it has filed conditional offers with the Commer- cial Court in Paris to acquire assets of Societe Aveyronnaise de Metallur- gie S.A. (Viviez, France) and F.V.M. Technologies S.A. (Villers-la-Mon- tagne) from bankruptcy, and 100% of the outstanding shares of Alfisa Technologies, S.L.U. (Barcelona) for approximately 6 million Euros. The companies are parts of


Groupe Arche S.A., a French com- pany specialized in the design, cast- ing, and machining of high pressure diecast (HPDC) aluminum compo- nents for the automotive industry, specializing primarily in the range of 1,400-2,000 metric tons. Total revenue is in the range of


100 million Euros with open casting capacity and floor space. Approximately 650 full-time employees and other temporary


employees of FVM and SAM will be transferred to relevant Linamar subsidiaries. The company touted the im-


portance of the move, saying the acquisitions, if completed, would represent a step forward in Lina- mar’s light metal casting strategy to develop further leadership in integrated design, casting, and ma- chining of aluminum components in medium and medium-large press and component sizes. In a news release, Linamar said


“this strategy will strengthen and grow Linamar’s relationship with customers in Europe, with facility locations located near key exist- ing and potential customers and an excellent skilled workforce.” Linamar expects to finance the


acquisition through existing credit facilities and in the near term invest in the plants to leverage Arche ca-


pabilities to grow the business. “We are excited about the op-


portunity to further our expertise in high pressure die casting with these offers,” said Linamar CEO Linda Hasenfratz. “SAM, FVM and Alfisa are experts in the high pressure diecasting market in the mid-range to mid-large press sizes where we intend to grow and leverage our respective strengths. “These businesses perfectly


complement our large HPDC strategy with GF Automotive and our gravity and low pressure diecast- ing strategy with Montupet, collec- tively giving us the full spectrum of capabilities for targeted light metal components.” Linamar’s offers are contingent


upon each other. If any of Linamar’s offers is not accepted, the acquisitions contemplated by the other offers will not be completed.


August 2017 MODERN CASTING | 9


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