Hayes Lemmerz to Sell Brake Component Facilities

Hayes Lemmerz International, Inc. announced on November 9 that it has entered into a definitive agreement for the sale of its automotive brake component facilities located in Michigan, USA and Monterrey, Mexico for approximately US$58 million in cash. The sale is expected to be completed on November 9, 2007, however the company has not initially disclosed the identity of the purchasing company.

The Hayes Lemmerz brake component operation specialises in supplying the North American automotive market with rotors and drums used in foundation braking systems.