Linamar Acquires Famer Group
Linamar Corporation recently announced it has completed its acquisition of the assets of the Famer Group, a privately-owned French manufacturer of powertrain components for the off-highway market. Details of the transaction were not disclosed. "The acquisition of the Famer Group strengthens Linamar's overall presence in Europe with a focus on the European commercial vehicle and off-highway market," said Linda Hasenfratz, CEO, Linamar Corporation. "We are pleased to add Famer's talented workforce and advanced manufacturing capabilities to Linamar, and we are excited about the opportunity to establish a Linamar presence in France to support our strategy to grow with the French OEM's in both the commercial vehicle and passenger car markets."
Linamar acquired all three business units that comprise Famer Group: Famer Industrie, which specializes in large engine component machining, located in St. Romain in Gier; Famer Rivoire, specializing in gear finishing technology, located in St. Etienne, France; and Famer Transmission, focused on transmission component manufacturing, located in Montfaucon. Under the terms of the agreement, Linamar also will acquire the current Famer employees and management team.