Linamar Announces Purchase Proposal for Ford’s Automotive Component Holdings Converca Operations



Linamar (TSX: LNR) and Ford Motor Company today announced a non-binding proposal setting forth the preliminary understanding and status of discussions regarding the purchase by Linamar of Automotive Components Holdings’ (ACH) Power Transfer Unit (PTU) business at the Converca I Plant in Nuevo Laredo, Mexico.

Linamar is interested in the Converca I Plant and product engineering group for its PTU capability, which would further enhance Linamar’s product offering in North America. The PTU is a critical driveline system which provides all-wheel-drive control to vehicles.

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