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July 13, 2015

US: Meritor buys majority of Sypris Solutions assets

Meritor has acquired the majority of the assets at the Sypris Solutions manufacturing facility in Morganton, North Carolina.

Meritor has acquired the majority of the assets at the Sypris Solutions manufacturing facility in Morganton, North Carolina. “Bringing the Morganton facility under the Meritor umbrella allows us to expand operations while demonstrating our continued commitment to supplying axle and suspension components to our customers,” said Meritor trailer business VP and general manager, Brett Penzkofer. The facility currently manufactures trailer axle beams and machines carriers and differentials for Meritor, in addition to producing light vehicle components for other customers.

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