ArvinMeritor announced today, Dec. 11, that it has entered into an agreement to acquire Mascot Truck Parts Ltd., a remanufacturer of transmissions, drive axle carriers, steering gears and drivelines, based in Mississauga, Ontario, Canada. Terms of the acquisition were not disclosed.
Mascot’s 170 full-time employees, six remanufacturing locations and current customer base will become part of the ArvinMeritor team. ArvinMeritor says Mascot enjoys a strong customer satisfaction level with its loyal customers in Canada and the United States.
“This expansion of our remanufacturing business makes sense for our customers and aligns with our business strategy to grow the aftermarket business,” says 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.”
“Our reputation for quality, customer service, wholesale-only distribution and extensive product knowledge are considerable assets that we have developed for many years,” says Glenn Hanthorn, president of Mascot. “We believe this arrangement between ArvinMeritor and Mascot will offer the market products and services unmatched by our competition.”
Mascot’s six Canadian remanufacturing locations – including three in Mississauga, Ontario; and one each in Edmonton, Alberta; Moncton, New Brunswick; and Boucherville, Quebec – and its network of logistic centers across North America that provides customers with immediate availability of remanufactured products will become integral to ArvinMeritor’s remanufacturing business, the Troy, Mich.-based company says.