ArvinMeritor, Inc. announced it will expand its remanufacturing operations through the acquisition of Mascot Truck Parts Ltd., which is based in Mississauga, Ontario and remanufactures transmissions, drive-axle carriers, steering gears and drivelines. According to the announcement, Mascot’s 170 full-time employees and six remanufacturing facilities will become part of the ArvinMeritor team.
“This expansion of our remanufacturing business makes sense for our customers and aligns with our business strategy to grow the aftermarket business,” says Carsten Reinhardt, president of ArvinMeritor’s Commercial Vehicle Systems business. “Mascot has a similar passion for providing its customers with high-quality, dependable, remanufactured components – all of which complement the ArvinMeritor remanufacturing model.”
