ArvinMeritor to Sell Exhaust Tube Manufacturing Business

TROY, Mich., July 2 -- ArvinMeritor, Inc. announced today that it has signed a definitive agreement to sell its Light Vehicle Systems' (LVS) Columbus, Ind., exhaust tube manufacturing operation to AK Tube LLC, a subsidiary of AK Steel Corporation. The sale is subject to regulatory approval, and terms of the transaction were not disclosed.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

"ArvinMeritor's Columbus exhaust tube business has been the primary supplier of high-quality stainless steel exhaust tubing for the company's U.S. and Canadian LVS Air and Emissions Technologies plants since 1996," said Craig Stinson, president of the ArvinMeritor LVS business group. "This transaction includes a multi-year supply agreement with AK Tube LLC and demonstrates our confidence with this valued supply-chain partner to further develop and grow its business."

AK Steel produces flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products. The company has more than 10,000 employees in plants and offices in Middletown, Coshocton, Mansfield, Walbridge and Zanesville, Ohio; Ashland, Ky.; Rockport, Ind.; and Butler, Pa. In addition, the company produces snow and ice control products and operates an industrial park on the Houston, Texas, ship channel.

ArvinMeritor, Inc. is a premier $7-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. In addition, ArvinMeritor is a leader in coil coating applications. The company is headquartered in Troy, Mich., and employs 32,000 people at more than 150 manufacturing facilities in 27 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 .

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840

Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/762401.html