Meritor Inc. has purchased the majority of the assets at the Sypris Solutions Inc. manufacturing facility in Morganton, N.C.
“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 Brett Penzkofer, vice president and general manager of Meritor’s trailer business.
The facility currently manufactures trailer axle beams, and machines carriers and differentials for Meritor, in addition to producing light vehicle components for other customers.
Meritor has more than 65 years’ experience engineering and manufacturing products that are the benchmark for trailer suspensions, axles, brakes, wheel-ends and safety systems.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world.