Linamar to Acquire Forging Assets of Carolina Forge, Majority Interest in Seissenschmidt
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.