ArvinMeritor Sells Purolator to Bosch and Mann+Hummel
Posted on March 1, 2006
ArvinMeritor, Inc. said it has entered into a definitive agreement to sell its light vehicle aftermarket (LVA) Purolator filters business in North America to Bosch and Mann+Hummel. The transaction is subject to regulatory approvals. Terms of the agreement were not disclosed. The agreement to sell Purolator is part of ArvinMeritor’s previously announced strategy to divest its LVA businesses individually.
Bosch and Mann+Hummel intend to operate Purolator, Fayetteville, N.C., as a joint venture. Purolator is a manufacturer of oil, air, fuel (gasoline and diesel) and cabin filters, with production operations in Fayetteville; a distribution facility in Salt Lake City, Utah; and a marketing and administrative center in Brentwood, Tenn.