ArvinMeritor sells coil coating unit

Newswire

DETROIT, Nov 24 (Reuters) - ArvinMeritor Inc said on Wednesday it sold Roll Coater Inc., a wholly owned subsidiary, to an affiliate of private equity firm Willis Stein & Partners for about $162.5 million. ArvinMeritor, which makes heavy duty truck axles and brake systems, sold the unit to focus on its core business, it said.

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