Cosma International, a global automotive metal-forming supplier and an operating unit of Magna International Inc., acquired Grenville Castings, a structural casting supplier of aluminum components for the automotive, heavy truck and recreational markets. Grenville Castings, headquartered in Perth, Ontario, is a niche production and development company with a focus on complex structural casting. Its core technology includes thin-wall and hollow-core low-pressure casting.
With the combination of Cosma’s global footprint and the technical expertise
gained from Grenville Castings, the acquisition positions Cosma to become a
leading global manufacturer of aluminum structural castings in all major
geographic markets. The acquisition will also support Cosma’s global launch of
an automotive chassis program scheduled to start production in 2014. Production
will be supported through both existing and new manufacturing facilities.