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ArvinMeritor to Sell Non-Core Automotive Stampings and Components Manufacturing Business

TROY, Mich., Dec. 9 /PRNewswire-FirstCall/ -- 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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

"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.

SOURCE ArvinMeritor, Inc.

CONTACT:
Media Inquires:
Colleen Hanley
ArvinMeritor, Inc.
+1-313-551-2833
colleen.hanley@arvinmeritor.com
Rick Bohn
Columbus Components Group
+1-440-476-1244
or
Investor Inquiries:
Alice McGuire
ArvinMeritor, Inc.
+1-248-655-2159
alice.mcguire@arvinmeritor.com
Web site: http://www.arvinmeritor.com
(ARM)

 
 
 
 
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