ArvinMeritor said the deal does not include the land and buildings of its Marion, S.C., operations. The unit makes gas springs and vacuum actuators and employs 400 people.
"With this sale, we move closer to our objective to divest the entire light vehicle aftermarket business group, allowing us to build on our core competencies in the global automotive and commercial truck markets," said Chip McClure, ArvinMeritor’s chairman, CEO and president.