“We believe this transaction takes us another step toward optimizing our footprint in Europe,” says Chip McClure, Meritor chairman, president and CEO. “We will retain and continue to invest in our Lindesberg, Sweden, and Cameri, Italy, axle facilities with new housing technology, laser welding lines for our 17X and 18x carriers, robotic automations and advanced gear manufacturing capability.”
According to Meritor, Renault Trucks is expected to perform only final dressing and painting in the St. Priest, France, operation. The divestiture affects nearly 400 employees at the France facility who will transfer to Renault Trucks.
McClure adds, “Completing the sale of the St. Priest operation supports our long-term strategy to position the company for profitable future growth.”
Meritor says its facility in Cwmbran, United Kingdom, continues to be home to its center of expertise for the design, development and manufacture of advanced braking systems and components for the commercial vehicle truck market.
