TROY, MI — ArvinMeritor is selling its Commercial Vehicle Systems (CVS) facility in Kenton, Ohio, to a subsidiary of Sypris Solutions, Inc. ArvinMeritor has owned the Kenton facility since 1948.
As part of the agreement, ArvinMeritor and Sypris will begin a multi-year outsourcing arrangement.
Sypris, headquartered in Louisville, Ky., is a diversified provider of outsourced services and specialty products. Its core markets include aerospace and defense electronics, truck components and assemblies, and test and measurement services.
According to officials at ArvinMeritor, the divestiture will allow the company to focus on core processes for the design and assembly of complete systems — including axles, brakes, suspensions, tire inflation and ride control.
For more information about ArvinMeritor, go to: www.arvinmeritor.com.
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