DETROIT -- ArvinMeritor Inc. sold its off-highway brake business to Carlisle Braking Products for about $39 million. The sale includes equipment and assets from plants in York, S.C., and Cwmbran, United Kingdom.
ArvinMeritor, of Troy, Mich., supplies emission technologies, aperture and undercarriage systems, drivetrains, braking and suspension systems, and specialty components.
Carlisle Braking is owned by Carlisle Cos. Inc., of Charlotte, N.C. It supplies specialty tire and wheel, power transmission, heavy-duty brake and friction products.