TROY, Mich. (Dec. 10, 2004) — Automotive components maker ArvinMeritor Inc. has sold its Light Vehicle Systems (LVS) automotive stampings and components manufacturing operation in Columbus, Ind., to privately-owned Columbus Components Group (CCG) L.L.C.
Terms of the transaction were not disclosed.
“ArvinMeritor is committed to rationalizing its operations so it can focus on its core automotive businesses,” said Keith Warf, vice president of global operations for LVS Emissions Technologies. “The facility has been the primary supplier of high-quality exhaust stampings and welded assemblies for the company's U.S. and Canadian exhaust systems plants. It will continue to do so through a multi-year supply agreement with CCG, thereby providing employees with tremendous growth opportunities.”
Rick Bohn, chief operating officer for CCG, called the acquisition “an exciting addition to our portfolio of companies in the transportation components sector,” and said the company is “looking forward to working with the Columbus team on developing robust growth strategies that will further enhance the value provided to current and future customers.”
ArvinMeritor's LVS unit posted $4.8 billion in sales during fiscal year 2004. It employs 17,000 people at 75 facilities in 23 countries and supplies integrated systems and modules to passenger car and light truck original equipment manufacturers worldwide.
Troy-based ArvinMeritor is a global supplier of integrated systems, modules and components to the motor vehicle industry.