ArvinMeritor buys Canadian reman parts company
TROY, Mich. -- Mississauga-based Mascot Truck Parts Ltd., a major remanufacturer of heavy-duty transmissions, drive axle carriers, steering gears and drivelines, has been acquired by Detroit vehicle component supplier ArvinMeritor. Mascot’s 170 full-time employees, six remanufacturing locations, and current customer base will become part of the ArvinMeritor network. "This expansion of our remanufacturing business makes sense for our customers and aligns with our business strategy to grow the aftermarket business," said 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." Glenn Hanthorn, president of Mascot, said the agreement will offer his company "the market products and services unmatched by our competition." \Mascot‘s six Canadian remanufacturing locations include three in Mississauga, Ontario; and one each in Edmonton, Moncton, and Boucherville, Que. as well as its network of logistic centers across North America that provides customers with immediate availability of remanufactured products.