Type Public Company Number of employees 14,000+ Headquarters Ontario, Canada Founder Nick Orlando | Traded as TSX: MRE Website www.martinrea.com CEO Pat D'Eramo (1 Nov 2014–) Founded 9 February 1987 | |
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Key people Rob Wildeboer, Executive Chairman; Pat D'Eramo, President and Chief Executive Officer; Fred Di Tosto, Chief Financial Officer; Armando Paglierli, Executive Vice President of Human Resources; Andre Le Rosa, Chief Technology Officer; Kerri Pope, Executive Vice President of Legal; Rob Fairchild, Executive Vice President of Sales & Engineering; Juan Nardiz, Executive Vice President-Aluminum; David Rashid, Executive Vice President-Fluids;Bruce Johnson, Executive Vice President-Metallics; Rocco Marianaccio, Executive Vice President-Flexible Manufacturing Products quality metal parts, assemblies and modules and fluid management systems and complex aluminum products Stock price MRE (TSE) CA$ 10.02 +0.23 (+2.35%)13 Mar, 4:00 PM GMT-4 - Disclaimer Subsidiaries Honsel, Martinrea Fabco Metallic Canada, Inc. | ||
Martinrea international inc video
Martinrea International Inc. develops and produces metal parts, assemblies, modules, fluid-management systems and complex aluminum parts, primarily for the automotive sector. The company is headquartered in Vaughan, Ontario, Canada and has more than 14,000 employees at over 50 manufacturing and engineering facilities in North America, South America, Europe and Asia.
Contents
Canaccord genuity updates buy recommendation for martinrea international tsx mre
History
In terms of automotive parts suppliers, Martinrea is a relatively young company. This firm's competitors have in some cases been in business for many decades.
Martinrea was previously known as Royal Laser, and its business consisted primarily of the production of metal products including store fixtures and metal components. In 2001, a new executive team joined the company and decided to focus on supplying the automotive industry. The co-founders of the company were: Fred Jaekel, President and Chief Executive Officer; Nick Orlando, Executive Vice President and Chief Financial Officer; and Rob Wildeboer, Executive Chairman.
In 2002, the company changed its name to Martinrea International and grew significantly with the acquisition of Rea International and Pilot Industries. In 2005 it opened its first metal forming plant in the United States, in Corydon, Indiana.
In 2006 it acquired the North American body and chassis operations of the ThyssenKrupp Budd Company, and in 2007 it expanded to include plants in Estampados, Mexico; Tupelo, Mississippi; Springfield, Tennessee; Manchester, Michigan; and Brampton, Ontario.
In 2009 it acquired the SKD Automotive Group and in 2010 it restructured operations, closing several plants and expanding others, as well as building several new ones in locations deemed most profitable. In 2013 the company opened its first plant in China.
In 2014, Pat D’Eramo was appointed President and Chief Executive Officer. The purchase of Martinrea Honsel was completed. In 2015, the firm began building of several new facilities in Spain, Mexico, China, and Riverside, Missouri.