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Martinrea International Inc. Completes Sale and Leaseback of Manufacturing Facilities

November 17, 2017

Martinrea International Inc. Completes Sale and Leaseback of Manufacturing Facilities

Martinrea International Inc. (TSX:MRE) (“Martinrea”) completed the sale and leaseback of two properties containing industrial manufacturing facilities in the Greater Toronto Area for net proceeds of approximately $31,000,000.

Martinrea is an automotive parts supplier headquartered in Vaughan, Ontario, and has more than 15,000 employees at over 50 manufacturing and engineering facilities in North America, South America, Europe and Asia.

Wildeboer Dellelce LLP acted as counsel to Martinrea in connection with the transaction with a team consisting of Dan Shapira, Jonathan Born and Julianne Cerelli (Real Estate).