ArvinMeritor Announces Meritor Aftermarket Services Business
New Offering of Warehousing and Distribution Services for Customers in North America
LAS VEGAS, Jan. 18, 2011 - ArvinMeritor, Inc. (NYSE: ARM) today announced during its press conference at the Heavy Duty Aftermarket Week in Las Vegas, Nev. that it will offer multiple logistics services to customers through a new business segment called Meritor Aftermarket Services.
Through this new business, the company will address customers' needs for value-added warehousing and distribution facets of the third-party logistics marketplace. Meritor Aftermarket Services - which launches initially in North America - will be an important addition to the company's existing Aftermarket and Trailer business.
"This is an important step in our aftermarket evolution," said Joe Mejaly, president of ArvinMeritor's Aftermarket and Trailer business. "We will now offer companies in the industrial and commercial vehicle markets the opportunity to leverage our recognized strengths in material planning, quality, packaging, distribution and value-added services globally."
"This new segment creates the opportunity for us to become a major player in the global third-party logistics marketplace," said Craig Cartmill, general manager, Worldwide Aftermarket Operations for ArvinMeritor. "We are uniquely positioned to use our strong North American presence and brand recognition to launch this business segment. And, as we continue to develop our global infrastructure, we will be prepared for additional business opportunities and expansion in the third-party logistics marketplace," said Cartmill.
Tim Bauer is appointed director of Business Development for the new segment and will lead the global market strategy implementation. Bauer has been with ArvinMeritor for twenty years. Paul Nyers, who also has extensive management experience at ArvinMeritor, has been appointed sales manager. Both are supported by an experienced global Aftermarket operations team.
To learn more about Meritor Aftermarket Services, visit the website at aftermarketservices.arvinmeritor.com.
About ArvinMeritor
Headquartered in Troy, Mich., U.S., ArvinMeritor is a global supplier of a broad portfolio of axle, brake and suspension solutions to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer, bus & coach and off-highway machinery manufacturers, in addition to defense contractors. ArvinMeritor marked its centennial anniversary in 2009, celebrating a long history of forward thinking. Common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit ArvinMeritor's Web site at www.arvinmeritor.com.
SOURCE ArvinMeritor, Inc.
CONTACT:Media,David Giroux,+1-248-435-1750,david.giroux@arvinmeritor.com;orInvestor,Brett Penzkofer,+1-248-435-9426,brett.penzkofer@arvinmeritor.com
Web Site: www.arvinmeritor.com
