Linamar Corporation (TSX:LNR) entered into an agreement to acquire 50% remaining interest in GF Linamar LLC from GF Casting Solutions AG for $97 million on March 31, 2022. Following this announcement, Linamar will assume 100% ownership and operational control of the business. The transaction is expected to be fully funded with a combination of available cash and/or available credit under Linamar's existing credit facilities. GF Linamar LLC will undergo a rebranding name change and be fully integrated into Linamar's Mobility Segment. In 2021, the site generated sales of approximately USD 120 million. The agreement has been executed and given there are no pre-closing steps or required regulatory approvals, the transaction is expected to close April 1, 2022. As of April 1, 2022 Closing of this transaction is expected in the first week of April 2022. The effect from the divestment of the joint venture on GF's consolidated EBIT is estimated to be neutral.

Linamar Corporation (TSX:LNR) completed the acquisition of 50% remaining interest in GF Linamar LLC from GF Casting Solutions AG on April 1, 2022.