Linamar Corp. of Guelph, Ontario, will acquire the forging assets of Carolina Forge Company (CFC) of Wilson, N.C., and become the majority (66%) shareholder of Germany’s Seissenschmidt in separate agreements. Both acquired companies specialize in high-volume hot forgings. Seissenschmidt has three primary locations in Germany, Hungary and the U.S. The acquisitions will supplement Linamar’s core powertrain business and leverage its business in driveline, gear-based products. The deals will also enable Linamar to address market trends in lightweighting and NVH design for products like gears, differentials, wheel bearings, hubs and sprockets with high-speed forging processes.
Linamar to Acquire Forging Assets of Carolina Forge, Majority Interest in Seissenschmidt
September 30, 2014