Meritor Announces Sale of St. Priest, France, Manufacturing Operation to Renault Trucks

SAINT PRIEST, France--Jan. 2, 2012:  Meritor, Inc. today announced that it has completed the sale of the assets of its axle operation in Saint Priest, France, to Renault Trucks SAS. Terms of the sale were not disclosed.

"We believe this transaction takes us another step toward optimizing our footprint in Europe," said Chairman, CEO and President Chip McClure. "We will retain and continue to invest in our Lindesberg, Sweden, and Cameri, Italy, axle facilities with new housing technology, laser welding lines for our 17X and 18x carriers, robotic automations and advanced gear manufacturing capability."

Renault Trucks is expected to perform only final dressing and painting in the St. Priest, France, operation. The divestiture affects nearly 400 employees at the France facility who will transfer to Renault Trucks.

McClure added, "Completing the sale of the St. Priest operation supports our long-term strategy to position the company for profitable future growth."

The company's facility in Cwmbran, United Kingdom, continues to be home to Meritor's center of expertise for the design, development and manufacture of advanced braking systems and components for the commercial vehicle truck market.

About Meritor, Inc.

Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Meritor is based in Troy, Mich., United States, and is made up of more than 11,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's web site at Meritor.