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Affinia Sells Off Beck/Arnley Subsidiary

Affinia Group Inc. recently announced the sale of its subsidiary, Beck/Arnley Worldparts Corp., to Heritage Equity Group, Inc. Heritage is a privately held company funded entirely by private investors, and in part by Beck/Arnley management.

"We are extremely proud to see the great potential that Beck/Arnley will have under Heritage," said Terry McCormack, president and CEO of Affinia Group. "After considerable deliberation, we determined that both Affinia and Beck/Amley would benefit from this move. Affimas customers, investors and associates will be better served through focus on our primary lines-brakes, chassis and filtrationwhich we manufacture and market."

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McCormack went on to stress that the nature of Beck/Arnley's business made it different from the rest of Affinia. "With the Wix, Raybestos and Spicer brands, we are manufacturers and marketers of vertical product lines. Beck/Arnley buys and sells a horizontal package of import parts that cuts across many product categories. It's a fundamental difference, and it creates different needs that are better served separately."

"We are simply delighted to be in control of our own destiny," said Max Dull, formerly VP/GM of the subsidiary, who will now be president and CEO of Beck/Arnley. "This truly will allow Beck/Arnley to be Beck/Arnley....Operating separately will allow each company to focus on its strengths. The customers of both businesses will benefit."

Beck/Arnley will maintain its master distribution center and headquarters in Smyrna, Tennessee, as well as its network of six branch locations around the country. The Affinia family of brands now includes Wix, Raybestos, Aimco, Spicer, McQuay-Norris, Nakata, Urba and Quinton Hazell.

Automotive Industry

Affinia Sells Off Beck/Arnley Subsidiary

Motor, May 2005 by Nash, Tom

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