Component-Makers Meritor, Arvin To Merge in Multibillion-Dollar Deal
Meritor Automotive and Arvin Industries will join in a $7.5 - billion “merger of equals,” combining Meritor’s penetration of heavy-vehicle markets with Arvin’s strength in the light-vehicle business, spokesmen for both companies said April 6.
The new company, ArvinMeritor Inc., will be incorporated in Indiana, but all of its operating units will remain at their current locations. Also, the head office will be the Troy, Mich., location of Meritor Automotive.
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Meritor Automotive, spun off from Rockwell International in October 1997, supplies a wide range of components for both heavy- and light-duty trucks as well as trailers, specialty equipment and other vehicles.
Arvin Industries, an 80-year-old firm with its main offices in Columbus, Ind., is a global manufacturer of automotive emission, filter and exhaust systems.
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