Yesterday night Linamar (LNR) announced its $300M acquisition of part of Aludyne’s North American operations, adding more scale to its mobility business…

… and to its U.S. manufacturing presence, which is without a doubt a strategic focus for management given the trade backdrop.

Last year, the company highlighted a growing pipeline of opportunities due to financial stress in the industry…

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I think one of the most important things for you guys to walk away with today is the knowledge that there’s huge distress in the supply base, which is going to create significant takeover opportunities for us.

Linda Hasenfratz (Chairman) - LNR Q3’24 call

… which has resulted in more than $225M of work taken over in the past 8-12 months. But with leverage sitting well under target…

… and a lot of cash on the sidelines, we might get more takeouts in the future.

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