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:
SOURCE ArvinMeritor, Inc.
Columbus Components Group
Web site: http://www.arvinmeritor.com