Inteva Products Reaches Agreement for the Purchase of ArvinMeritor's Body Systems Business
TROY, Mich., Aug. 3 /PRNewswire/ -- Inteva Products, LLC, a wholly owned subsidiary of The Renco Group, Inc., reached an agreement earlier today for the purchase of ArvinMeritor's Body Systems business. The transaction is subject to regulatory approvals and other customary closing conditions.
"The addition of ArvinMeritor's Body Systems business perfectly complements our global presence, product offering, and capabilities," said Lon Offenbacher, President & CEO of Inteva Products. "In addition to expanding our manufacturing and technical footprint, we are acquiring a team of experts in Roof Systems and Motors, extending the products and services we offer our customers."
The acquisition involves facilities in 14 countries on four continents.
About Inteva Products, LLC
Inteva Products, LLC has more than 90 years of experience and expertise, empowering some of the best minds in the industry with global resources supported by a team at 18 facilities on three continents. Inteva designs, engineers, manufactures, and assembles Interior Systems, Cockpits, Latch and Closure Systems, and Door Module and Window Lift Systems for leading OEMs around the globe. Inteva's integration capabilities provide everything from component parts to fully integrated vehicle subsystems. Inteva is committed to execute to the highest level possible for all customers to create solutions that meet quality and technical specifications while remaining on time and on budget. For more information visit www.intevaproducts.com.
Insight. Inside. Inteva.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit the company's Web site at: http://www.arvinmeritor.com.