Arvin Acquires Camloc

8 September 1999

Arvin Acquires Camloc

    COLUMBUS, Ind.--Sept. 7, 1999--Arvin Industries, Inc. , announced today that it has acquired Camloc Gas Springs of Leicester, England, from Fairchild Corporation. A leading designer and manufacturer of an extensive range of custom gas springs, Camloc will be integrated into Arvin's gas spring operation - AVM, Inc., headquartered in Marion, South Carolina.
    Terms of the agreement were not disclosed.
    "With the integration of Camloc into our AVM business, Arvin is poised for further growth in the growing world marketplace for gas springs. With manufacturing and R&D capabilities in both the U.S. and Europe, we will be able to build an industrial and automotive original equipment customer base throughout Europe and the rest of the world," said V. William Hunt, Arvin's Chairman, President and Chief Executive Officer. "Technology is the heart of our growth strategy and this acquisition greatly enhances our gas spring technology base."
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 60 manufacturing facilities and eight technical centers located in 21 countries. Arvin is a leading manufacturer of automotive exhaust systems; ride control products; air, oil and fuel filters; and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI exhaust systems; Gabriel shock absorbers; Purolator filters; and StrongArm gas charged lift supports.
    For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.shtml. For information via fax, please call our News On Demand service at 888-622-1161.