Magna subsidiary acquires Perth company
Cosma International has acquired Grenville Castings, a supplier of aluminum components for the automotive, heavy truck and recreational markets.
AURORA, ONT—Cosma International, an automotive metalforming supplier and operating unit of Magna International Inc., has acquired Grenville Castings, a structural casting supplier of aluminum components for the automotive, heavy truck and recreational markets.
Financial details have not been released.
Grenville Castings in Perth, Ont. develops and manufactures complex structural castings for niche markets. Its core technology includes thin wall and hollow core low-pressure casting.
The acquisition positions Cosma to become a major global player in the aluminum structural castings market and help fuel Cosma’s global launch of an automotive chassis program scheduled to start production in 2014.
Cosma International, an operating unit of Magna International Inc., manufactures metal body systems, components, assemblies and modules including complete vehicle frames, chassis systems and body-in-white systems using a variety of processes including hydroforming, stamping and roll forming. Cosma has 47 manufacturing facilities and 25 product development and engineering centers worldwide.