Printer Friendly

ARVIN ANNOUNCES NEW GERMAN AUTO PARTS VENTURE

 ARVIN ANNOUNCES NEW GERMAN AUTO PARTS VENTURE
 COLUMBUS, Ind., May 27 /PRNewswire/ -- Byron O. Pond, president


and COO of Arvin Industries, Inc. (NYSE: ARV), announced today that Schmitz & Brill, a respected German automotive exhaust systems parts manufacturer, has contributed their business activities into a newly formed company, Schmitz & Brill GmbH, headquartered in Finnentrop, Germany. Each of the new entity's two shareholders, Schmitz & Brill and the Arvin-Cheswick group, a leading European O.E. supplier of exhaust systems, are participating on a 50-50 basis.
 Pond said, "The formation of Schmitz & Brill GmbH marks an important step in Arvin's global strategy of establishing automotive operations in the major assembly capitals of the world. We look forward to expanding the capabilities this new company can offer vehicle manufacturers."
 Rudolf Brill, who will continue as the managing director, said the new company will continue to direct its attention to the excellent service and quality that customers such as Ford, BMW, Volkswagen-Audi and Mercedes, have come to expect and value.
 Arvin Industries, Inc. is an international manufacturing company supplying automotive parts and related products and services in more than 100 countries throughout the world.
 -0- 5/27/92
 /CONTACT: Fred Meyer, 812-379-3741; or John Brown, 812-379-3389; both of Arvin Industries, Inc./
 (ARV) CO: Arvin Industries, Inc.; Schmitz & Brill ST: Indiana IN: AUT SU: JVN


KK -- CL006 -- 4119 05/27/92 09:34 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 27, 1992
Words:227
Previous Article:BOMBAY COMPANY ANNOUNCES SALES INCREASE FOR MAY
Next Article:CAREFLORIDA REPORTS RECORD EARNINGS FOR 1991; ONE OF FLORIDA'S LEADING HMOs COUPLES GROWTH WITH FINANCIAL STRENGTH
Topics:


Related Articles
Arvin Industries Inc.
MANAGEMENT CHANGES AT ARVIN
ARVIN ELECTS POND CEO; BAKER REMAINS CHAIRMAN
ARVIN ANNOUNCES JOINT VENTURE WITH EUROPEAN RIDE CONTROL MANUFACTURER
ARVIN'S CALSPAN SUBSIDIARY AND SPACE INDUSTRIES INTERNATIONAL, INC., CONSUMMATE MERGER
ARVIN FORMS EUROPE'S LARGEST INDEPENDENT REPLACEMENT EXHAUST AND EMISSION CONTROL COMPANY
ARVIN CEO ISSUES EARNINGS FORECAST
QUALITY AND PRODUCTIVITY GAINS WIN NEW GM BUSINESS FOR ARVIN NORTH AMERICAN AUTOMOTIVE
Arvin 'BBB' Senior Debt Affirmed by Fitch IBCA on Purolator Acquisition - Fitch IBCA -.
Arvin $150 Million Senior Notes Rated 'BBB' by Fitch IBCA - Fitch IBCA -.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters