The Globe and Mail reports in its Tuesday, Sept. 27, edition that Magna International will increase its capacity to make automotive latches, hinges and other closing components through the purchase of the BOCO Group of Companies, in a transaction announced Monday. A Canadian Press dispatch to The Globe reports that the Ontario-based auto parts company did not disclose the purchase price, but said BOCO has annual sales of more than $148-million and employs 450 people at operations in Germany and China. The deal is expected to close in the third quarter of 2016. Magna has 309 manufacturing operations and 99 product development, engineering and sales centres in 29 countries. In total, it employs more than 152,000 people. Magna shares retreated 21 cents to close in Toronto on Monday at $54.59. The Globe's David Milstead said Magna was worth considering buying after its shares dipped following a disappointing earnings reports from Ford Motor. The shares could then be had for $48.96. The Globe's Julie Michaels recommended buying Magna in the Number Cruncher column on Sept. 23. The shares were then going for $54.80.