TROY, MI — ArvinMeritor today announced it is selling the assets of its off-highway brake business to Carlisle Braking Products, owned by Carlisle Companies Inc. The business, which includes equipment and assets from manufacturing facilities in York, S.C. and South Wales, U.K., was sold for approximately $39 million.
According to Chip McClure, ArvinMeritor chairman, president and CEO, the sale of the company’s off-highway brakes operation is in line with ArvinMeritor’s strategy to focus on core products in its Light and Commercial Vehicle Systems businesses. “We will continue to offer a complete range of on-highway braking systems and components designed to meet the sophisticated needs of the commercial vehicle industry, both for our original equipment production and aftermarket customers around the world,” McClure said.
For more information about ArvinMeritor, go to: www.arvinmeritor.com.
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