Shape Corp. acquires aluminium extruder Magnode
Shape Corporation has signed a purchase agreement Ohio-based aluminium extruder, Magnode. The acquisition is expected to close in early March and will increase Shape’s lightweight product and process portfolio.
Shape president Mark White said, “Coupling Magnode’s decades of experience in the aluminium extrusion business with Shape’s global footprint and engineering know-how in impact energy management and body structures will mean that Shape is now a fully integrated, one-stop shop for customers seeking aluminium solutions.”
“We can support customers with engineering, development and manufacturing in both 6000 or 7000 series aluminium applications and our value stream is optimized to provide the most competitive solutions possible.”
The company said that Magnode’s Trenton, Ohio facility will continue normal operations under current leadership and remain a “center of excellence” for aluminium.
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