Shape Corp. announced, Monday, that the company has come to terms on a purchase agreement to acquire Ohio-based aluminum extruder, Magnode. The deal comes after a successful business relationship between that two companies that included collaboration on engineering projects, as well as shared research and development around lightweighting best practices. Shape’s global aluminum offerings are immediately elevated by leveraging Magnode’s 70-plus years of aluminum extrusion expertise and their vertically integrated business model. Going forward Magnode will operate as a division of Shape. As a global leader in lightweighting technology for the automotive and mobility markets, Shape has a focus on impact energy management systems and body structures. The Magnode purchase […]