In reality, it’s a way of saying “we’re moving out” while trying not to make it look too obvious.
Linamar Corp. says it’s expanding its U.S. manufacturing footprint through a US$300 million deal to buy select North American assets of Aludyne Inc.
In reality, it’s a way of saying “we’re moving out” while trying not to make it look too obvious.
Linamar Corp. says it’s expanding its U.S. manufacturing footprint through a US$300 million deal to buy select North American assets of Aludyne Inc.
That’s going to hit Guelph, Ontario hard because that is where the head office is located.
My nephew works for a Canadian oilpatch manufacturer that bought an American subsidiary. The smart work will still be done in Canada without tariffs while the stupid work will be done in Texas. I am not sure how this makes the US richer. Maybe the company can even employ a bunch of back door immigrants.
Have a buddy that worked for a Canadian branch in Cowtown of an oilpatch manufacturer based in Texas. The day after Marx Carnage was elected, they shut down their Canadian branch.
Only if this is only step 1. For Linamar, this is a relatively normal transaction that would have merited little mention 2 years ago.