Meritor, Inc.

Company Profile

■URL

http://www.meritor.com/

■Address

2135 W. Maple Road Troy, MI 48084-7186 USA

Business Overview

-The Company is a supplier of drivetrain systems and components as well as undercarriage products and system for trailer applications for the commercial vehicle, transportation and industrial sectors.

-In March 2011, the Company officially changed its name to Meritor, Inc. from ArvinMeritor. With the divestitures of its light vehicle businesses, the Company is now solely focused on the commercial vehicle and industrial markets.

-The Company is organized into two reporting segments: Commercial Truck & Trailer, which focuses on medium- and heavy-duty trucks and trailers; and Aftermarket & Industrial, which focuses on replacement parts and the industrial market.

-Approximately 76% of the Company's sales in the fiscal year ended September 30, 2018 were contributed by its Commercial Truck & Trailer segment.

Competitors

Axle Brake Industrial Applications Trailer Applications
-American Axle
-Ankai
-Dana
-Detroit Axle
-Fuwa
-Hande
-ZF Friedrichshafen
-Bendix / Knorr Bremse
-WABCO
-AM General
-AxleTech International
-Carraro
-Dana
-Kessler & Co.
-Knorr Bremse
-MAN
-Marmon-Herrington
-NAF
-Oshkosh
-Sisu
-Fuwa
-Hendrickson
-SAF-Holland

Shareholders

-The Company is listed on the New York Stock Exchange.

Products

Axles
-Front drive axles
-Front non-drive axles
-Single rear drive axles
-Tandem rear drive axles
-Rear tridem axles
-Hub reduction axles

Brakes
-Drum brakes
-Air disc brakes
-Quadraulic disc brakes
-Wheel ends
-Automatic slack adjusters

Suspensions
-Suspension systems for trailers

Other
-Drivelines
-Clutches
-Transfer cases
-Carriers
-Precision-forged gears
-Gearboxes
-Power take-off units
-Meritor Tire Inflation System for trailers
-Auxiliary transmissions

History

2000 Established by the merger of Meritor Automotive Inc. and Arvin Industries Inc.
2002 Acquired the remaining 51% interest its German joint venture Zeuna Starker GmbH & Co. KG, a premier exhaust and emissions solutions company.
2004 Roll Coater was sold to Willis Stein & Partners.
2004 Dedicated the new USD 40 million Detroit Technology Center, its new technology center for Light Vehicle Systems (LVS) operations in North America, located in Detroit, Michigan, USA.
2007 Acquired Mascot Truck Parts Ltd., a major remanufacturer of transmissions, drive axle carriers, steering gears and drivelines, based in Mississauga, Ontario, Canada.
2007 The Emissions technologies (ET) business was sold for USD 310 million to One Equity Partners (OEP), an equity firm based in New York.
2008 Started production at new facility in Salonta, Romania.
2008 Opened new tech center in Shanghai, China.
2008 Acquired Trucktechnic, a major remanufacturer in Liege, Belgium.
2008 Opened new facility in Monterrey, Mexico.
2009 Completed the sale of its Gabriel Ride Control Products North America (Gabriel Ride Control) business to Ride Control, Llc, a wholly owned subsidiary of OpenGate Capital, a private equity firm.
Jun. 2009 Sold its 51 percent interest in Gabriel de Venezuela to its joint venture partner.
Sep. 2009 Completed the sale of its Wheels business to Iochpe-Maxion S.A., a Brazilian producer of wheels and frames for commercial vehicles, railway freight cars and castings.
Opened a new technical center in Bangalore, India.
Oct. 2009 Entered into a binding letter of intent to sell its 57 percent interest in Meritor Suspension Systems Company (MSSC), a joint venture, to its joint venture partner, a subsidiary of Mitsubishi Steel Mfg. Co., Ltd.
2011 Completed the divestiture of its light vehicle business in January 2011 and officially changes the name of the Company back to Meritor.
Divested its Body System business to Inteva Products, LLC.
Jan. 2012 Completed the sale of the assets of axle operation in France, to Renault Trucks SAS.
Sep. 2012 Announced an incremental investment of 16 million USD in its European brake operations.
Jul. 2013 Completed the sale of its 50 percent ownership interest in Suspensys Sistemas Automotivos Ltda. to its joint venture partner Randon S.A. Implementos e Participacoes. The purchase price at closing for Meritor's ownership interest was USD 195 million.
Jul. 2015 Purchased the majority of the assets at the Sypris Solutions, Inc. manufacturing facility in Morganton, North Carolina, U.S.
Sep. 2017 Acquired the product portfolio and related technologies of Fabco Holdings, Inc.
Oct. 2017 Completed transaction to sell the Company’s stake in the Meritor WABCO joint venture to WABCO Holdings, Inc. for USD 250 million.
Apr. 2018 Acquired AA Gear & Manufacturing.

Supplemental Information 1