Martinrea
{{Short description|Canadian auto parts manufacturer}}
{{Infobox company
| name = Martinrea International Inc.
| logo =
| type = Public
| traded_as = {{tsx|MRE}}
| predecessor =
| successor =
| founder = {{plainlist|
- Fred Jaekel
- Nick Orlando
- Rob Wildeboer
}}
| defunct =
| fate =
| area_served =
| key_people = {{Unbulleted list | Pat D'Eramo (President and CEO) | Robert P. Wildeboer (Executive Chairman) | Fred Di Tosto (Chief Financial Officer)}}
| industry = automotive parts
| products =
| production =
| services =
| revenue = CAD$3.9 Billion (2017)"[http://www.martinrea.com/about.php Martinrea International Inc.]" Retrieved 07 August 2019.
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| parent =
| divisions =
| subsid =
| intl =
| homepage = {{URL|https://www.martinrea.com/}}
| foundation =
| location_city = Vaughan, Ontario
| location_country = Canada
| location =
| locations =
}}
Martinrea International Inc. is a Canadian auto parts manufacturer based in Vaughan, Ontario. Its principal focus is on North America but it also operates in Europe and Asia.
Principal activities
Design and development of lightweight structures and propulsion systems for the automotive industry using the company's expertise in metal forming and aluminum casting and also in fluids management.
Manufacture of:
- Engine blocks, transmissions, cases, housings and ladder frames
- Front and rear suspensions
- Body and chassis components
- Lines and tubes for air conditioning and heating, fuel, power steering and brakes
History
Royal Laser Tech Corporation was formed under the Canada Business Corporations Act in 1998. A business with only a few employees, it provided and laser trimmed metal store fixtures and fabrications.[http://www.martinrea.com/Files/2018/Annual_Information_Form_Feb_28_2019_.pdf Annual Information Form for the fiscal year ended December 31, 2018] Rob Wildeboer, Fred Jaekel, President of Cosma, and Nick Orlando, Vice President of Cosma finance joined Royal Laser Tech in August 2001 and focused new business on supply to original equipment manufacturers in the automotive industry. [https://www.martinrea.com/wp-content/uploads/Q4-2020-Annual-Information-Form-Final.pdf], February 28, 2019, pp. 3–5.
=Expansion by acquisition=
- Rea International. In April of 2002, Royal Laser Tech Corporation purchased Rea International, a fluid system business, and automatically became a tier one supplier for General Motors.
In June of 2002, Royal Laser Tech Corporation changed its name to Martinrea International Inc.Marklines,[https://www.marklines.com/en/top500/s500_015 "Automotive Industry Portal"], Marklines, Retrieved 2019-08-6
- Pilot Industries, fuel systems purchased 2002[https://www.plasticsnews.com/article/20061113/NEWS/311139994/martinrea-grows-with-depco-buy Plastics News] November 13, 2006 accessed September 16, 2021
- Corydon, Indiana, plant bought for Icon Metal Forming in February 2005.[https://www.bizjournals.com/louisville/stories/2006/07/24/story1.html Louisville Business First] July 24, 2006. Accessed September 16, 2021[https://www.dnb.com/business-directory/company-profiles.icon_metal_forming_llc.a131fbbdaa0ea63ae8c6bf64a033dd88.html D&B Business Directory] accessed September 16, 2021
- Depco International injection moulding and roll-formed metal products purchased 2006
- Thyssen-Krupp Budd. In November 2006, Martinrea International received the approval of US antitrust authorities to buy the North America body and chassis operations of Thyssen-Krupp Budd.Business Need to Know. The Times (London). Saturday, Nov. 4, 2006 Issue 68849, Page 58
- SKD Automotive Group. 2009[https://www.theglobeandmail.com/report-on-business/martinrea-makes-deal-with-insolvent-skd/article4411009/ The Globe and Mail] April 21, 2009 Accessed September 16, 2021
- Honsel. Manufacturer of aluminum engine blocks, transmission cases, suspension and other automotive parts, located in Meschede, Germany. 2011[https://www.autoserviceworld.com/jobbernews/martinrea-to-acquire-assets-of-honsel-ag-in-179-million-transaction/ Auto Service World] May 17, 2011 accessed September 16, 2021
- Metalsa. In March 2020, Martinrea International Inc. announced the acquisition of the Structural Components for Passenger Cars operations of Metalsa S.A. de C.V.{{Cite press release|url=http://www.globenewswire.com/news-release/2020/03/02/1993856/0/en/Martinrea-International-Inc-Completes-Purchase-of-Structural-Components-for-Passenger-Cars-Division-of-Metalsa-S-A-de-C-V.html|title=Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V.|last=Inc|first=Martinrea International|date=2020-03-02|website=GlobeNewswire News Room|access-date=2020-03-03}}
References
{{Reflist}}
External links
- {{Official website|http://www.martinrea.com/}}
- {{coord|43.777476|-79.545744|type:landmark_region:CA-ON|display=inline,title}}
{{Canada-company-stub}}
Category:Companies listed on the Toronto Stock Exchange
Category:Companies based in Vaughan
Category:Manufacturing companies of Canada