CHICAGO Automotive camshaft supplier Linamar Corp. has signed an agreement with German automotive supplier Muhr und Bender KG (Mubea) and its subsidiary Mubea Motorkomponenten GmbH (MMKG) to acquire MMKGs camshaft manufacturing and distribution business.
"We (will) add a lightweight and fuel-efficient hydroformed and assembled camshaft technology to our existing portfolio," Linamar chief executive officer Linda Hasenfratz said in a statement June 4.
Guelph, Ontario-based Linamar will acquire plants in Hildburghausen, Thale and Thale-Warnsted, Germany, which employ a combined 110 people. "We welcome them to our team and see great opportunity for this technology and its growth potential for the future," she added.
"Mubea has done an excellent job of developing very high-quality and highly efficient camshaft hydroforming technologies, (while) their hot forging production will provide a significant enhancement to our machining and assembly operations globally," Hasenfratz said.
Mubea primarily makes springs for engine valves, suspension coil and transmission disc applications, as well as related products. The camshaft business represents less than 2 percent of its total sales.