Martinrea International
Encyclopedia
Martinrea International Inc. 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
. 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.
Vaughan, Ontario
Vaughan is a city in York Region north of Toronto, Ontario, Canada. Vaughan is the fastest growing municipality in Canada achieving a population growth rate of 80.2% between 1996–2006, according to Statistics Canada having nearly doubled in population since 1991. Vaughan is located in Southern...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
.
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
Dexter, Michigan
Dexter is a village in Washtenaw County in the U.S. state of Michigan. The majority of the village is in the northwest corner of Scio Township with a small portion in Webster Township. The population was 4,067 at the 2010 census...
. 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.