Martinrea International acquires U.S. assets in an effort to expand product offerings
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Hey there, time traveller!
This article was published 20/10/2025 (356 days ago), so information in it may no longer be current.
TORONTO – Martinrea International Inc. is expanding its footprint in the U.S. auto sector by acquiring assets from an Oklahoma-based vehicle manufacturer.
Martinrea says it purchased assets from Lyseon North America Inc., which ran a plant in Tulsa, with operations focusing on metal part manufacturing and assemblies for the bus market.
The Toronto-based automotive supplier says it will continue to operate the businesses, with intentions to grow it over time.
Fred Di Tosto, Martinrea’s president, says in a press release that the acquisition represents a strategic U.S. location and the potential to broaden its product offerings.
The move comes amid uncertainty in the North American auto market after carmaker Stellantis said it will move planned vehicle production from its plant in Brampton, Ont., to Illinois.
Martinrea CEO Pat D’Eramo says the firm’s overall exposure to tariffs was manageable when it announced second-quarter results in August.
This report by The Canadian Press was first published Oct. 20, 2025.
Companies in this story: (TSX:MRE)