By Kelly Cloonan
Linamar has entered a definitive agreement to acquire select assets in North America from Aludyne in a transaction valued at $300 million.
The Canadian manufacturing company said Thursday the portfolio includes knuckles, subframes, control arms and axle housings, adding advanced capabilities in aluminum casting, precision machining and product design.
The acquisition is expected to close within 30 days and will be funded using available liquidity under Linamar's existing credit facilities and cash on hand.
Linamar expects the additional U.S.-based assets will strengthen its ability to support customers locally, which is increasingly important in a dynamic trade environment, the company said.
"A diversified geographic footprint ensures resilience and flexibility in responding to evolving geopolitical and regulatory frameworks, while maintaining high standards of quality and delivery," Linamar said.
The deal will also support the company's Canadian operations with opportunities for collaboration on cast and machined products.
Linamar expects the transaction to be accretive soon after acquisition.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 09, 2025 17:38 ET (21:38 GMT)
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