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ArvinMeritor to sell Ohio plant to Sypris

CHICAGO, Jan 15 (Reuters) - Auto parts maker ArvinMeritor Inc. said on Thursday it intends to sell its trailer axle beam factory in Kenton, Ohio, to Sypris Solutions Inc.

Financial terms of the deal were not announced.

The plant employs more than 200 people. ArvinMeritor, based in Troy, Michigan, said the sale is contingent upon the ratification of a new collective bargaining agreement between Louisville, Kentucky-based Sypris and members of the local union.