7 December 1998
Arvin Industries, Inc., Columbus, IN, a manufacturer of vehicle exhaust systems said it has acquired a 49% interest in Zeuna Starker GmbH & Co. KG, a German manufacturer of exhaust systems. The agreement, which is subject to regulatory approval, is expected to close by 31 December 1998.
The two companies announced plans to provide full exhaust systems in the global marketplace. Zeuna Starker is headquartered in Augsburg, Germany and has annual revenues of about $425 million. Zeuna Starker's product range includes catalytic converters, pipe, mufflers and complete systems to the original equipment manufacturers, with manufacturing facilities in Germany, South Africa, Italy, Hungary and the United States.
Source: Diesel Progress