Linamar has purchased out its three way partnership companion and brought full management of a casting plant in North Carolina because it appears to spice up its stake within the automobile constructions phase.

The Guelph, Ont.-based agency agreed to accumulate fellow auto provider Georg Fischer AG’s 50-per-cent curiosity in GF Linamar LLC March 31. The three way partnership, fashioned in 2015, produces aluminum and magnesium parts at a plant in Mills River, N.C.

Linamar didn’t disclose the monetary phrases of the deal, however in 2016 stated the funding within the new plant would complete US$217 million.

CEO Linda Hasenfratz stated GF has been an “glorious strategic companion,” however the deal will give Linamar higher flexibility to pursue new market alternatives.

“Growing our structural content material per automobile is a key strategic precedence for Linamar in lowering our enterprise focus in automobile powertrains and rising our content material in electrified autos the place lightweighting is so important,” she stated in a launch.

The U.S. plant will proceed to provide its present prospects as Linamar implements a brand new “operational system” higher catered to launching new enterprise. The Canadian provider plans to tuck the power into its Mobility Section, in addition to rebrand the operation.