TROY, Mich., July 25 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) today announced the sale of its Light Vehicle Aftermarket (LVA)
Motion Control business in Marion, S.C., to AVM Industries LLC, an Ohio
Limited Liability Company. Terms of the agreement were not disclosed. The sale
does not include the land and buildings which are being retained by
"With this sale, we move closer to our objective to divest the entire LVA
business group, allowing us to build on our core competencies in the global
automotive and commercial truck markets," said Chip McClure, ArvinMeritor
chairman, CEO and president.
ArvinMeritor has in recent months announced the divestiture of other LVA
businesses including its equity share in Purolator India; the Purolator
filters business and exhaust business in North America; and last month, its
Gabriel South Africa Ride Control business in Cape Town.
The Marion operation, which produces gas springs and vacuum actuators, has
approximately 400 employees.
ArvinMeritor, Inc. is a premier $8.8 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 certain aftermarkets.
Headquartered in Troy, Mich., ArvinMeritor employs approximately 29,000 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:
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
SOURCE ArvinMeritor, Inc.
/CONTACT: Media Inquiries: Krista McClure, +1-248-435-7115, or
firstname.lastname@example.org; Investor Inquiries: Terry Huch,
+1-248-435-9426, or email@example.com, both of ArvinMeritor, Inc. /
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
PRN Photo Desk, firstname.lastname@example.org/
/Company News On-Call: http://www.prnewswire.com/comp/762401.html /
/Web site: http://www.arvinmeritor.com/
CO: ArvinMeritor, Inc.; AVM Industries LLC
ST: Michigan, South Carolina
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0316 07/25/2006 16:30 EDT http://www.prnewswire.com