7th October 2005 - ArvinMeritor Announces Sale of Off-Highway Brake Assets to Carlisle Companies

ArvinMeritor, Inc. today announced the sale of the assets of its off-highway brake business to Carlisle Braking Products, owned by Carlisle Companies Incorporated of Charlotte, N.C., U.S. The purchase price of the transaction is approximately $39 million. The transaction will include the sale of equipment and assets from manufacturing facilities in York, S.C., U.S. and Cwmbran, South Wales, U.K.

“The divestiture of ArvinMeritor’s off-highway brakes operation is aligned with the company’s strategy to focus on its core products within the Light and Commercial Vehicle Systems businesses,” said Chip McClure, ArvinMeritor chairman, CEO and president. “We will continue to offer a complete range of on-highway braking systems and components designed to meet the sophisticated needs of the commercial vehicle industry, both for our original equipment production and aftermarket customers around the world."

The company sold its off-highway axle business to AxleTech International of Troy, Mich., in December 2002.

Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, foodservice, data transmission, and process systems industries.

ArvinMeritor, Inc. is a premier $8 billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 31,000 people at more than 120 manufacturing facilities in 25 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company’s Web site at: www.arvinmeritor.com

Source: ArvinMeritor Press Release