Go Search
            Home   Contact Us
Our Company
Products and Services
Advanced Solutions
Work With Us
Investors
Suppliers
 
 
 
 
Investors
 
 
News Release
Printer Friendly Version View printer-friendly version
·Back
ArvinMeritor Selected as Exhaust Product Supplier to Midas U.S. Locations through Agreement with AutoZone

TROY, Mich., May 5 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) announced today that its Light Vehicle Aftermarket (LVA) business group has been named as the supplier of exhaust products to more than 1,600 U.S. Midas shops, through an agreement with Memphis, Tenn.-based AutoZone. Per the agreement, AutoZone will serve as the exclusively endorsed supplier of Arvin-brand exhaust products to Midas. ArvinMeritor's LVA operations, based in Loudon, Tenn., will supply the exhaust products to AutoZone -- replacing Midas-brand exhaust products currently supplied by AutoZone to Midas U.S. locations. ArvinMeritor has also entered into a separate agreement to purchase certain IPC assets from Midas, among them the IPC brand.

"The agreements with AutoZone and Midas represent an expansion to our six- year relationship as a supplier to Midas, and to our more than 20-year relationship with AutoZone," said Dan Daniel, president of Light Vehicle Aftermarket for ArvinMeritor. "We remain committed to supplying AutoZone and Midas with industry-leading service levels and product coverage on our high- quality, cost-competitive exhaust products."

"The additional volume provided to our business through these agreements will help to offset the declines in the overall exhaust aftermarket in North America, and ensure our ability to continue to provide our customers with our industry-leading customer service and competitiveness. Furthermore, we look forward to the opportunity to serve IPC customers."

The agreements follow Midas' announcement last October that it sought to exit exhaust manufacturing and IPC-brand distribution, and would negotiate with alternate suppliers to do so. Midas expects that it will exit both of those businesses by Dec. 31, 2005.

Within the next few weeks, AutoZone will begin a region-by-region implementation of weekly stocking shipments of Arvin exhaust products to U.S. Midas shops. That conversion is expected to be complete by Dec. 31. ArvinMeritor's LVA group and Midas will also establish contact within the next few weeks with Midas' IPC customers regarding the transition period and continuing supply thereafter.

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/ .

Midas is one of the world's largest providers of automotive service, offering brake, exhaust, steering and suspension services, as well as maintenance services, tires and batteries at more than 2,600 franchised, licensed and company-owned Midas shops in 19 countries, including more than 1,800 in the United States and Canada.

As of February 12, 2005, AutoZone sells auto and light truck parts, chemicals and accessories through 3,474 AutoZone stores in 48 states plus the District of Columbia in the U.S. and 67 AutoZone stores in Mexico and also sells the ALLDATA brand diagnostic and repair software. On the web, AutoZone sells diagnostic and repair information and auto and light truck parts through http://www.autozone.com .

SOURCE ArvinMeritor, Inc.

CONTACT:
Media Inquiries:
Krista McClure
248-435-7115
krista.mcclure@arvinmeritor.com

Investor Inquiries:
Alice McGuire
248-655-2159
alice.mcguire@arvinmeritor.com
both of ArvinMeritor, Inc.

 
 
 
 
2014 Meritor, Inc. All Rights Reserved.

Minimize Restore Close Delete Modify Shared Web Part Connections Export...