MAG Acquires Forest Liné Industries
"This acquisition gives MAG another significant point of access to aerospace composites technology, manufacturing resources and demonstration facilities, as well as additional market and customer segments," says Dan Janka, president of MAG Global Industrial Systems. "Liné has always been an innovator, and its technology portfolio is highly complementary with our own, so we anticipate a wide range of new opportunities to result from this acquisition."
Like MAG, Liné is a supplier of both automated tape laying and fiber placement systems. Lightweight and rigid composites are widely used throughout the aerospace industry and in renewable energy systems, such as wind turbines.
MAG, through its European business, MAG Europe GmbH, with headquarters in Göppingen, Germany, has acquired 100% of the shares in the Forest Liné Group.