TROY, MI — ArvinMeritor has sold its wholly owned subsidiary, Roll Coater, Inc., to an affiliate of private equity firm Willis Stein & Partners. The cash purchase price of the stock transaction is approximately $162.5 million.
Roll Coater supplies a variety of markets, including automotive, appliance, heating and air conditioning, transportation, construction, roofing, and consumer products. The company will remain headquartered in Indianapolis, with facilities in Greenfield and Kingsbury, Ind.; Hawesville, Ky.; and Weirton, W.Va.
Charles “Chip” McClure, ArvinMeritor chairman, CEO and president, said the divestiture gives Roll Coater “a chance to prosper while allowing ArvinMeritor to focus on its core competencies in the global automotive and heavy truck markets.”
For more information, go to: www.arvinmeritor.com.
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