ArvinMeritor to buy remaining 51 pct of Zuena Starker

Newswire

TROY, Mich., Dec 18 (Reuters) - ArvinMeritor Inc said on Wednesday it agreed to buy the remaining 51 percent interest it does not already own in German joint venture Zeuna Starker GmbH & Co. for about $75 million. The auto parts maker said it is buying out the venture, which specializes in exhausts and emissions technology, in order to create a complete range of emissions products. ArvinMeritor said expects the deal to close in the second quarter of next year. ArvinMeritor become a ...

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