Meritor sells axle ops to Renault Trucks
Jun 1, 2012 12:00 PM
Meritor Inc has completed the sale of the assets of its axle operation in Saint Priest, France, to Renault Trucks SAS. Terms of the sale were not disclosed.
“We believe this transaction takes us another step toward optimizing our footprint in Europe,” said Chip McClure, chairman, chief executive officer, and president. “We will retain and continue to invest in our Lindesberg, Sweden, and Cameri, Italy, axle facilities with new housing technology, laser welding lines for our 17X and 18x carriers, robotic automations, and advanced gear manufacturing capability.”
Renault Trucks is expected to perform only final dressing and painting in the St Priest, France, operation. The divestiture affects nearly 400 employees at the France facility who will transfer to Renault Trucks.
The company's facility in Cwmbran, United Kingdom, continues to be home to Meritor's design, development, and manufacture of advanced braking systems and components for the commercial vehicle truck market.
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