Ontario government also chipping in with $50.25-million grant as company develops fuel-efficient transmissions
Move to buy remaining stake in Seissenschmidt comes after Linamar bought 66 per cent of company in September
Linamar said sales accelerated 14.3 per cent in quarter to $1.02 billion from $891.3 million in same quarter last year
Company buying high volume hot forging business of Carolina Forge Co., 66 per cent interest in Germany’s Seissenschmidt
Quarterly sales hit $893.3 million, up from $773.4 million.
Offers easy “bolt on” installation