Meritor sells stake in Brazilian partnership

Meritor, Inc. said Tuesday that it has sold its 50 percent ownership interest in Suspensys Sistemas Automotivos Ltda. to its joint venture partner Randon S.A. Implementos e Participacoes for $195 million in cash and other consideration.

Randon S.A. Implementos e Participacoes operates directly through its subsidiaries in three segments – towed vehicles, railcars and specialty vehicles; auto parts and automotive systems; services and others. It is one of the largest private companies in Brazil and exports to over 100 countries.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover