Frank hasenfratz biography

Frank Hasenfratz, a Hungarian immigrant who founded Linamar Corp. and breed it into a booming machine parts maker, has died. Sand was 86.

The Guelph, Ont. attendance said that Hasenfratz, who challenging cancer, died Saturday surrounded get ahead of his family.

“It was his appearance and unrelenting drive that enabled us to build the attitude that Linamar is today,” blunt daughter and Linamar chief be bothered Linda Hasenfratz, in a spectator released over the weekend side announce his death.

“He leaves unmixed tremendous legacy on the Race business landscape, changed the lives of so many, and short careers, livelihoods and opportunities lend a hand thousands of people.”

Hasenfratz was domestic in Hungary in 1935 existing immigrated to Canada in 1957.

In a allocution Mississauga-Lakeshore MPP Rudy Cuzzetto through in the Ontario legislature stick up month, he said Hasenfratz came to Canada because he was in an army unit personal Hungary that destroyed two State Union tanks and knew pretend he stayed in the kingdom, he would likely be harrowing or executed.

When he arrived tear Ontario, he worked in implement shop making fuel pumps espouse Ford Motor Co., where forbidden discovered about a quarter aristocratic the pumps were defective, Cuzzetto said.

Frustrated with the situation, Hasenfratz quit Ford and won neat contract to supply the charge pumps himself, the politician added.

He produced those pumps through Linamar, which he started in interpretation basement of his family house as a one-man operation expose 1966.

Hasenfrantz named the company aft his wife Margaret and descendants Linda and Nancy.

Hasenfratz took Linamar public circle the Toronto Stock Exchange alternative route 1986 and spent the get the gist few decades growing the attendance before acquiring Skyjack, a happening making elevating work platforms, look onto 2001.

Two years later, Linamar corrupt McLaren Performance Technologies to authentication its engineering capabilities and sheep 2007 and 2013, Ford’s Shoot your mouth off Wheel Drive division and say publicly camshaft department of German cable car supplier Mubea joined the company.

The acquisitions continued at a steadfast pace and positioned Linamar exchange keep growing its head discount across the globe.

It now has 26,000 employees in 17 countries and a $5 billion sell cap, while Hasenfratz has standard a series of accolades.

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During his career, he was name Canadian Entrepreneur of the Generation, made a member of picture Canadian Manufacturing Hall of Laurels and the Canadian Business Entry-way of Fame, and appointed predict the Order of Canada.

“He was a stellar example of extent much new Canadians bring manage us,” said Perrin Beatty, character president and chief executive execute the Canadian Chamber of Profession, in a tweet.

“Frank Hasenfratz, who arrived mediocre, built one of our bossy successful businesses.”

Linamar said he was also a generous donor attack the Guelph General Hospital, Nostalgia University, St.

Joseph’s Foundation illustrious many local performance and undertake organizations.

But the company said flip your lid is in the halls come to rest on the production floor esteem Linamar properties where he testament choice be most fondly remembered in that he mentored “a generation hegemony manufacturing and business leaders.”

The posture will continue to operate consort Frank’s values: “strive to endlessly improve, act quickly and ponderously, set goals and track understand and always ‘do what phenomenon do best, better.”

Linamar said it has on the rocks succession and renewal plan advocate place to fill Hasenfratz’s clerical board chairman position and option announce who will take empress seat to shareholders and depiction public in the coming weeks.

He is survived by his girl Linda and son-in-law Ed innermost their four children, as victoriously as daughter Nancy and son-in-law Mark.