ArvinMeritor to Sell Non-Core Automotive Stampings and Components Manufacturing Business
TROY, Mich. (Dec. 9,
2004) — ArvinMeritor, Inc. (NYSE:
ARM) announced today that it has sold its Light Vehicle Systems
(LVS) Columbus, Ind., automotive stampings and components manufacturing
operation to privately-owned Columbus Components Group (CCG), LLC. The terms of
the transaction were not disclosed.
“ArvinMeritor is committed to rationalizing its
operations so it can focus on its core automotive businesses,” said Keith Warf,
vice president of global operations for LVS Emissions Technologies. “The
facility has been the primary supplier of high-quality exhaust stampings and
welded assemblies for the company’s U.S. and Canadian exhaust systems plants. It
will continue to do so through a multi-year supply agreement with CCG, thereby
providing employees with tremendous growth opportunities.”
“This acquisition promises to be an exciting
addition to our portfolio of companies in the transportation components sector,”
said Rick Bohn, chief operating officer for CCG. “We are looking forward
to working with the Columbus team on developing robust growth strategies that
will further enhance the value provided to current and future customers.”
The Columbus facility also supplies metal-stamped
engine and inflatable restraint components for customers external to
ArvinMeritor and provides tool treatment services through the Arvin TD Center.
ArvinMeritor’s Light Vehicle Systems (LVS) business
group posted $4.8 billion in sales during fiscal year 2004, and employs 17,000
people at 75 facilities in 23 countries. LVS – a market leader in the product
categories it serves – supplies integrated systems and modules to the world’s
leading passenger car and light truck OEMs. With advanced technology and systems
design expertise in apertures, undercarriage, wheels and emissions control, LVS
combines high-quality components into cost-effective, performance-based
solutions for virtually every car and light truck on the road
today.
ArvinMeritor, Inc. is a premier $8 billion global
supplier of a broad range of integrated systems, modules and components to the
motor vehicle industry. The company serves light vehicle, commercial truck,
trailer and specialty original equipment manufacturers and related aftermarkets.
Headquartered in Troy, Mich., ArvinMeritor employs approximately 31,000 people
at more than 120 manufacturing facilities in 25 countries. ArvinMeritor common
stock is traded on the New York Stock Exchange under the ticker symbol ARM. For
more information, visit the company’s Web site at: http://www.arvinmeritor.com/.
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Rick Bohn
Columbus Components
Group
1-440-476-1244
