Martinrea

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Martinrea International Inc.
Company typePublic
TSX: MRE
Industryautomotive parts
Founder
  • Fred Jaekel
  • Nick Orlando
  • Rob Wildeboer
Headquarters
Vaughan, Ontario
,
Canada
Key people
RevenueCAD$3.9 Billion (2017)[1]
Number of employees
14,000+ [2]
Websitewww.martinrea.com

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.[3] 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. [4]

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.[5]

  • Pilot Industries, fuel systems purchased 2002[6]
  • Corydon, Indiana, plant bought for Icon Metal Forming in February 2005.[7][8]
  • Depco International injection moulding and roll-formed metal products purchased 2006[6]
  • 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.[9]
  • SKD Automotive Group. 2009[10]
  • Honsel. Manufacturer of aluminum engine blocks, transmission cases, suspension and other automotive parts, located in Meschede, Germany. 2011[11]
  • 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.[12]

References

  1. ^ "Martinrea International Inc." Retrieved 07 August 2019.
  2. ^ "Martinrea International". Archived from the original on 2010-03-08. Retrieved 2010-08-11.
  3. ^ Annual Information Form for the fiscal year ended December 31, 2018
  4. ^ , February 28, 2019, pp. 3–5.
  5. ^ Marklines,"Automotive Industry Portal", Marklines, Retrieved 2019-08-6
  6. ^ a b Plastics News November 13, 2006 accessed September 16, 2021
  7. ^ Louisville Business First July 24, 2006. Accessed September 16, 2021
  8. ^ D&B Business Directory accessed September 16, 2021
  9. ^ Business Need to Know. The Times (London). Saturday, Nov. 4, 2006 Issue 68849, Page 58
  10. ^ The Globe and Mail April 21, 2009 Accessed September 16, 2021
  11. ^ Auto Service World May 17, 2011 accessed September 16, 2021
  12. ^ Inc, Martinrea International (2020-03-02). "Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V." GlobeNewswire News Room (Press release). Retrieved 2020-03-03. {{cite press release}}: |last= has generic name (help)
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