Meritor buys Tempered Spring Co.
TROY, Mich. (Feb. 8, 2000) — A suspension-making subsidiary of Meritor Automotive’s Light Vehicle Systems group said it has acquired privately-held Tempered Spring Co., a leading supplier of automotive suspension components based in Sheffield, England.
Financial terms were not disclosed. Meritor Suspension Systems Co. (MSSC), a joint venture with Mitsubishi Steel Manufacturing Co., said the acquisition would expand its presence in the European suspensions market.
Tempered Spring develops and supplies light-vehicle OEMs with hot- and cold-forming stabilizer bars and valve springs, as well as springs and metal components for non-automotive applications. The company employs approximately 350 people at its facility in Sheffield, England.
MSSC has factories in Milton and Chatham, Ont., as well as Hopkinsville, Ky., in the United States. Tempered Spring will be the joint venture’s first European operation.
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