05:13 PM EDT, 10/09/2025 (MT Newswires) -- Linamar ( LIMAF ) on Thursday said it agreed to acquire select assets of Aludyne Incorporated's North American operations for US$300 million to bolster auto structures and chassis business.

The company said the acquisition will add Aludyne's "advanced capabilities in aluminum casting, precision machining, and product design". The U.S. assets will also boost the auto-parts company ability to support U.S. customers.

"We are thrilled to welcome the Aludyne teams into the Linamar ( LIMAF ) family. This acquisition enhances our leadership in propulsion-agnostic, lightweight aluminum casting and machining technologies. Aludyne's proprietary light metal casting technology offers great growth opportunity to our structural casting business and further strengthens our Mobility business," executive chair Linda Hasenfratz said.

Linamar ( LIMAF ) shares closed down $1.19 to $71.86 on the Toronto Stock Exchange.