Martinrea International Inc. Announces Agreement to Purchase Structural Components for Passenger Cars Division of Metalsa S.A. de C.V. - Seite 3

Rob Wildeboer, Martinrea’s Executive Chairman, stated: “We have had very good discussions with the Metalsa team, who we have always respected as competitors in this space. Now that they are exiting the Structural Components for Passenger Cars business to focus on frames, we look forward to them being a good customer of ours going forward. They have sought to bring a vibrant corporate culture to their workplace, and we believe our approaches align nicely. The synergy between our two companies is very good from our approaches to culture and sustainability. We will take very good care of their people. That fit was critical to negotiating this deal. For our shareholders, we aim to be the leading lightweighting company in this business, and this transaction strengthens us in this respect.”

About Martinrea International Inc.
Martinrea International Inc. (TSX: MRE) is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently employs approximately 15,000 talented and motivated people in 52 operating divisions in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China and Japan. Martinrea's vision is making lives better by being the best supplier we can be in the products we make and the services we provide. For more information on Martinrea, please visit www.martinrea.com. Follow Martinrea on Twitter and Facebook.

FORWARD-LOOKING INFORMATION

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This press release contains forward-looking statements within the meaning of applicable Canadian securities laws including statements related to the growth or expectations of, improvements or belief in, expansion of and/or guidance or outlook  (including of the business to be acquired and/or resulting impact on Martinrea’s business) as to future revenue, sales (production or tooling), margin, gross margin, earnings, operating earnings, (adjusted) earnings per share, (adjusted) net earnings per share, (adjusted) operating income, operating income margins, (adjusted) EBITDA, cash flow, free cash flow, expected capital expenditures, results and targets for the 2020 and/or 2021 and/or future financial years, the benefit of the intended acquisition, continuing improvement in operations, the expected purchase price and closing of the transaction,  the strength and growth of the Company, expectations of customer relationships, pursuit of its strategies, continued investments in the business,  as well as other forward-looking statements.  The words “continue”, “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “views”, “intend”, “believe”, “plan”, “outlook” and similar expressions are intended to identify forward-looking statements.  Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances, such as expected sales and industry production estimates, current foreign exchange rates (FX), timing of product launches and operational improvements during the period and current Board approved budgets.  Certain forward-looking financial assumptions are presented as non-IFRS information, and we do not provide reconciliation to IFRS for such assumptions.  Many factors could cause the Company’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the following factors, some of which are discussed in detail in the Company’s Annual Information Form and other public filings which can found at www.sedar.com: