ArvinMeritor has signed an agreement to sell its commercial vehicle systems facility in Kenton, Ohio, to a subsidiary of Sypris Solutions, based in Louisville, Ky. ArvinMeritor said the divestiture will allow it to concentrate on its core processes for the design and assembly of complete systems. As part of the agreement, ArvinMeritor and Sypris will begin a multi-year outsourcing arrangement. Sypris is a provider of outsourced services and specialty products.
ArvinMeritor to sell commercial vehicle systems facility
May 24, 2004