Martinrea

Martinrea
Martinrea International Inc.
Headquarters Vaughan, Ontario, Canada
Key people Nick Orlando, President and Chief Executive Officer, Natale Rea, Vice-Chairman; Rob Wildeboer, Executive Chairman, Fred Di Tosto, Chief Financial Officer, Douglas M. Evans, President - American Operations
Products metal parts, assemblies and modules, and fluid management systems
Employees 7,000 [1]
Website http://www.martinrea.com/
References: Chairman of the board: Robert PE Wildeboer, father of Emily and Thomas Wildeboer and Jessie Koopman, husband of Dominique Wildeboer and grandfather to Benjamin Koopman.

Martinrea International Inc. (TSX: MRE) is a Canadian auto parts manufacturer based in Vaughan, Ontario. It manufactures metal parts, assemblies and modules, as well as fluid management systems, for the automotive industry and other industrial sectors, and has operations in Canada, the United States, Mexico and Europe.

Martinrea was formed in April 2002, with the combination of Royal Laser Tech, and Rea International. Later 2002, Martinrea bought Pilot Industries Inc., a company based in Dexter, Michigan.[2][3] In 2005, it purchased some assets of Oxford Automotive, in Corydon Indiana, a facility that became known as ICON Metalforming, LLC. It also purchased some assets off of a bankrupt Canadian supplier, Depco International, and renamed this facility Rollstar Metalforming. In December 2006, Martinrea purchased ThyssenKrupp Budd and Fabco, which brought 15 facilities and an additional $800M in turnover to the group. In 2009, Martinrea added the bankrupt SKD Automotive group to its protfolio and integrated the work into its existing facilities in Canada, as well as bring a new facility in Jonesville, Michigan and another near Mexico City, Mexico. Along the way, Martinrea opened new facilities in Ramos Azripe, Mexico, Hermosillo, and Tilsonburg, Ontario. Due to the expiration of some contracts with customers due to low body-on-frame sport utility demand, Martinrea closed its Kitchener, Ontario facility in 2008, and later its Windsor, Ontario facility as well.

Its industrial group has also expanded to include 5 facilities, including the original MJ Manufacturing location in Mississauga, Ontario, as well as Steelmatic Wire in the US and Canada, and now MJ Manufacturing in Michigan, as well as Ramos Azripe, Mexico

Recently Martinrea announced that it had reached an agreement to purchase the assets of Honsel AG, which brings aluminum casting experience in many fields. This will bring accretive revenue of almost $800M to the group. All told Martinrea should have a turnover of $2.4B with the combined entities.

References

  1. ^ "Martinrea International". http://www.martinrea.com/Public/Default.aspx?I=58&n=Global+Leader. Retrieved 2010-08-11. 
  2. ^ "Company Briefs". The New York Times. November 30, 2002. http://www.nytimes.com/2002/11/30/business/company-briefs-167177.html. Retrieved 2009-10-31. 
  3. ^ Miel, Rhoda (December 9, 2002). "Deal would double Pilot Industries' price.(News)(less than 1 year after buying, Cerberus Institutional Buyers L.P. to sell Pilot Industries Inc. to Martinrea International Inc.)". Crain's Detroit Business. http://www.accessmylibrary.com/article-1G1-95187601/deal-would-double-pilot.html. Retrieved 2009-10-31. 

External links


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