Los Angeles, CA – August 24, 2009 – OpenGate Capital, a global private equity firm, today announced that it will close Ride Control Mexicana S de R.L. de C.V., a subsidiary of Ride Control LLC and a manufacturer of shock absorbers and strut assemblies for light trucks and passenger cars, from Fortune 500 company ArvinMeritor. This complementary transaction follows closely with OpenGate’s acquisition of Gabriel North America (NA) less than two months ago.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of ’forward thinking.’ The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. 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.