About Martinrea International

Martinrea International Inc. operates as a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The company also produces products for transit, recreation and military vehicles (as well as other industrial applications). In 2020, the company completed the acquisition of the structural components for passenger car operations of Metalsa S.A, de C.V. The company acquired certain assets and liabilities in Mexico and 100% of the outstanding shares of entities in the other jurisdictions. The operations acquired by the company specialize in a wide variety of metal forming technologies, including chassis components, such as cradles, control arms, and trailing arms; body components, such as side rails, A and B pillars, door beams, wheel housing and bumpers; and several other components, such as fuel tanks. The operations also have some technologies in multi-material joining further promoting the company’s lightweighting strategies. The acquisition adds six manufacturing facilities to the company’s footprint, including facilities in Germany, the United States, Mexico, South Africa, and two in China. The largest customers of the acquired business are Daimler, BMW, Volkswagen and Audi. The company develops a Graphene based brake line, which has been approved by one major OEM (original equipment manufacturer) in North America. The company is pursuing approvals with another major OEM. Business Strategy The development of the elements of the company’s strategy is based upon various pillars, such as the development of a high performance culture and customer satisfaction. The key elements of its strategic focus are to enhance quality; integrate world-class core technologies; expand customer base; expand sales to existing customer base and geographic footprint; and pursue growth opportunities and complementary investments. Products The company manufactures a wide array of products, assemblies and systems in the automotive sector, including the parts and assemblies referred to in the text, which accompanies the graphic below: Engine and Transmission: Includes engine blocks, transmissions, cases, housings, and ladder frames; engine/transmission: oil coolers, hoses, tube assemblies; engine/transmission: oil fillers, tubes, indicators; oil pick-up screen/pipe; heater hose inlet/outlet; and electric motor housings. Modules: Includes front horizontal, rear suspension, and front vertical. Exhaust: Includes mufflers, DPS lines, EGR tubes, air-injection tubes, and exhaust manifold tubes. Fuel: Includes fuel filler necks, capless refueling systems, fuel tank/sender assemblies, vapor assemblies/canister hoses, fuel line feed/return assembly systems, fuel lines/hoses, and graphene enhanced products. Body and Chassis: Includes frame rail assemblies; class A surface stampings; structural BIW components; suspension arms and links; engine cradles; centre/rear crossmembers; suspension twist axles; roof assemblies; door intrusion beams; bumpers; radiator support assemblies; trailer hitches; dash/plenum assemblies; wheelhouse assemblies; roll-formed rockers/headers; appliqués; belt, upper reveal, roof ditch, d-line and other exterior decorative moldings; battery trays/housings; and aluminum/steel shock towers, control arms and knuckles. HVAC (Heating, Ventilation and Air Conditioning): Includes air-conditioning lines and heater core inlet/outlet assemblies. Power Steering and Brakes: Includes brake lines/assemblies; power steering lines/assemblies; power steering oil filler and tubes/indicators; and graphene enhanced brake lines. Sales, Marketing and Customers The company’s North American sales primarily represent products manufactured in Canada, the United States and Mexico. The company’s primary customers in North America are various North American operating divisions and subsidiaries of OEMs, such as General Motors Corporation (General Motors); Ford Motor Company (Ford); Stellantis; and Nissan Motor Company (Nissan). The company also has North American product mandates from other OEMs as well, including Volkswagen; BMW; Daimler; American Honda Motor Co., Inc. (Honda); and Toyota. The company’s non-automobile customers include John Deere, Caterpillar and Thermo King. Martinrea Honsel’s customers globally include car and truck OEMs (e.g. Audi, BMW, Daimler, Ford, Jaguar Land Rover, PSA, Stellantis, Volvo Cars, and VW), Tier One suppliers (e.g. Eaton and ZF) and select non-automotive customers. The company sells products and services to other Tier One suppliers both in North America and in other automotive markets, however it focuses its efforts on being the Tier One Supplier to the OEM customer. To the extent the company supplies to such intermediary suppliers, it considers itself a Tier Two supplier. Competition The company’s key competitors include Cooper Standard, TI Automotive, Stant and Fluid Routing Systems (FRS) in the fluid systems area; and Cosma (Magna), Autokiniton Global Group, Benteler, Gestamp, Flex-N-Gate and others in the metal forming market. Non-captive caster competitors to the company include Ryobi, Nemak, Georg Fischer, KSM, Linamar, Aludyne, Shipston and the Cosma Casting Group. History The company as founded in 1987. It was incorporated in 1987. The company was formerly known as Royal Laser Tech Corporation and changed its name to Martinrea International Inc. in 2002.