ArvinMeritor Inc. intends to sell its Kenton, Ohio, facility to Sypris Solutions of Louisville, Ky.
The sale is anticipated to be completed by the end of March.
The sale of the facility, which employs more than 200 persons, will allow ArvinMeritor to focus strategically within trailer products on its core processes for the design and assembly of complete systems, which consist of axles, brakes, suspension and ride control.
The prospective owner, Sypris Solutions, would become a long-term, key supplier of trailer axle beams to ArvinMeritor’s trailer assembly facility in Frankfort, Ky. In recent years, ArvinMeritor has invested substantially in the Frankfort facility, focusing on quality assembly processes and production capacity expansion.
"This divestiture facilitates our long-term growth strategy for the trailer systems business, and permits us to serve and supply our valued customers with technologically advanced trailer axle-brake-suspensions systems," said Sergio Carvalho, vice president and general manager of ArvinMeritor’s Braking Systems, Suspension Systems, Trailer Products and Ride Control businesses.
The sale is anticipated to be completed by the end of March.
The sale of the facility, which employs more than 200 persons, will allow ArvinMeritor to focus strategically within trailer products on its core processes for the design and assembly of complete systems, which consist of axles, brakes, suspension and ride control.
The prospective owner, Sypris Solutions, would become a long-term, key supplier of trailer axle beams to ArvinMeritor’s trailer assembly facility in Frankfort, Ky. In recent years, ArvinMeritor has invested substantially in the Frankfort facility, focusing on quality assembly processes and production capacity expansion.
"This divestiture facilitates our long-term growth strategy for the trailer systems business, and permits us to serve and supply our valued customers with technologically advanced trailer axle-brake-suspensions systems," said Sergio Carvalho, vice president and general manager of ArvinMeritor’s Braking Systems, Suspension Systems, Trailer Products and Ride Control businesses.
media brand
0 Comments
See all comments