Renco cleared by EU to buy ArvinMeritor unit

Newswire

BRUSSELS, Nov 30 (Reuters) - Car parts company Inteva Products, a unit of Renco Group Inc, won European Union regulatory approval on Tuesday to buy the body systems business of U.S. auto parts company ArvinMeritor Inc . Renco, which bought Inteva from Delphi two years ago, is paying $35 million for ArvinMeritor's unit to complement its business. [ID:nN03236966] "The acquisition does not raise competition concerns for the manufacturing and supply of either door modules/window regulators ...

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