Divestiture • Automotive

AVM Industries Acquires ArvinMeritor - Light Vehicle Aftermarket Motion Control Business

On July 25, 2006, AVM Industries acquired automotive company ArvinMeritor - Light Vehicle Aftermarket Motion Control Business from Meritor

Acquisition Context
  • This is AVM Industries’ 1st transaction in the Automotive sector.
  • This is AVM Industries’ 1st transaction in the United States.
  • This is AVM Industries’ 1st transaction in South Carolina.

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M&A Deal Summary

Date July 25, 2006
Target ArvinMeritor - Light Vehicle Aftermarket Motion Control Business
Sector Automotive
Buyer(s) AVM Industries
Sellers(s) Meritor
Deal Type Divestiture

Target Company

ArvinMeritor - Light Vehicle Aftermarket Motion Control Business

Marion, South Carolina, United States
ArvinMeritor - Light Vehicle Aftermarket Motion Control Business manufactures, markets, sells, and supplies branded automotive aftermarket products. Business is located in Marion, South Carolina.
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Buyer Overview 1

Buyer

AVM Industries

Marion, South Carolina, United States

Category Company
Founded 1939
Sector Automotive
DESCRIPTION

AVM Industries LLC engaged in the manufacture of cast bronze automotive heater water control valves and other cast and machined assemblies. A continuing product development program in the 1940s yielded the RTCO water valve concept that provided significant growth to the operation and is still in active production today.


Deal Context for Buyer #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Divestiture 1 of 1
State: South Carolina 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1

Seller Profile 1

SELLER

Meritor

Troy, Michigan, United States

Category Company
Founded 1909
Sector Automotive
Employees8,600
Revenue 3.0B USD (2020)
DESCRIPTION
Meritor's corporate headquarters in Troy, Michigan.
Meritor's corporate headquarters in Troy, Michigan.

Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan.


Deal Context for Seller #
Overall 6 of 13
Sector: Automotive 4 of 11
Type: Divestiture 6 of 11
State: South Carolina 1 of 1
Country: United States 5 of 9
Year: 2006 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-20 ArvinMeritor - Light Vehicle Aftermarket Ride Control Business

Cape Town, South Africa

ArvinMeritor - Light Vehicle Aftermarket Ride Control Business manufactures, markets, sells, and supplies branded automotive aftermarket products in South Africa and sub-Saharan Africa.

Sell $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-17 ArvinMeritor - Emissions Technologies Business

Troy, Michigan, United States

ArvinMeritor's Emissions Technologies Business engages in the global emission technology industry, serving worldwide light and commercial vehicle manufacturers. The business has operations in 19 countries, 7,500 employees and several long-term joint venture relationships.

Sell $310M