ArvinMeritor Sells NA Aftermarket Light Vehicle Exhaust Business

ArvinMeritor, Inc has sold its North American Light Vehicle Aftermarket (LVA) exhaust business based in Loudon, Tennessee and Moncton, New Brunswick, Canada, to IMCO (International Muffler Company), a producer of aftermarket exhaust systems and components based in Schulenburg, Texas. Terms of the agreement were not disclosed.

“This transaction will further enhance ArvinMeritor’s goal to strengthen our financial position and focus on our core operations,” according to Chip McClure, ArvinMeritor chairman, CEO and president. “This sale also provides the LVA exhaust group the opportunity to grow with IMCO.”

The divestiture affects approximately 500 employees at the Loudon and Moncton facilities.