ArvinMeritor Sells Off-Highway Brake Assets

(Akron/Tire Review) ArvinMeritor is selling the assets of its off-highway brake business to Carlisle Braking Products, owned by Carlisle Companies Inc. The business, which includes equipment and assets from manufacturing facilities in York, SC, and South Wales, UK, was sold for approximately $39 million.

According to Chip McClure, ArvinMeritor chairman, president and CEO, the sale of the company’s off-highway brakes operation is in line with ArvinMeritor’s strategy to focus on its Light and Commercial Vehicle Systems unit.