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Monday, 15 January 2018 21:13

Shape Corp. acquires Ohio aluminum extruder

Written by  MiBiz Staff
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GRAND HAVEN — Automotive component supplier Shape Corp. plans to acquire Trenton, Ohio-based Magnode Corp., a manufacturer of aluminum extrusion.

The two companies previously worked together on engineering projects and developed best practices for lightweighting, a key trend in the automotive industry to shave weight from parts to improve overall vehicle efficiency.

According to a statement, the acquisition is expected to close in March. Terms of the deal were not disclosed, but Magnode will become a division of Shape Corp.

“Coupling Magnode’s decades of experience in the aluminum extrusion business with Shape’s global footprint and engineering know-how in impact energy management and body structures will mean that Shape is now a fully integrated, one-stop shop for customers seeking aluminum solutions,” Shape President Mark White stated.

Read 1225 times Last modified on Monday, 15 January 2018 21:25

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