TRW Sells Braking Plant and Foundry to American Commercial Industries

13 January 2000

TRW Inc. Sells Braking Plant and Foundry to American Commercial Industries

    LIVONIA, Mich.,--Jan. 12, 2000--TRW today announced it has agreed to sell one of its braking cast products plants in Detroit, Mich., and a foundry in Ontario, Canada, to American Commercial Industries, Inc. (ACI). Terms were not disclosed.
    ACI, headquartered in Troy, Mich., is part of the American Commercial Holdings (ACH) group, which owns interests in the automotive, heavy-duty truck, steel and construction industries. ACI's current product offering includes stampings, chassis baffles and plugs, and remanufactured automotive parts.
    John Plant, executive vice president and general manager, TRW Chassis Systems, said, "We are delighted that our Detroit braking cast products plant and Eureka foundry have found a strong strategic buyer. The new owners are impressed with the caliber of the workforce and its commitment to producing high quality drums and rotors for automotive customers worldwide."
    Larry Johnson, president, ACI, said, "We are very excited with the growth potential of these two acquisitions. Our intention is to make the transition of ownership a seamless one so that customers, employees and suppliers will continue to see outstanding service and performance."
    TRW's Detroit braking plant manufactures drums and rotors for the automotive industry. Its Eureka foundry produces gray iron castings used in the production of brake rotors, drums and hubs. These divestments follow a strategic review of TRW's global braking manufacturing facilities.
    TRW Inc. provides advanced technology products and services for the global automotive, aerospace and information systems markets. The company, headquartered in Cleveland, Ohio, is one of the world's largest independent automotive component suppliers.
    TRW Automotive produces braking systems, steering and suspension systems, aftermarket replacement parts, electronic safety and security systems, occupant restraint systems, engineered fastening systems and engine components for the global automotive industry. The company's news releases are available through TRW's corporate Web site (www.trw.com).