ArvinMeritor, Inc. has sold Roll Coater, Inc., a wholly owned subsidiary, to an affiliate of Willis Stein & Partners. The cash purchase price of the stock transaction is approximately $162.5 million.

Roll Coater is a leader in the coil coating industry, supplying a variety of markets, including automotive, appliance, heating and air conditioning, transportation, construction, roofing, and consumer products. The company will remain headquartered in Indianapolis, Ind., with state-of-the-art facilities in Greenfield, Ind.; Kingsbury, Ind.; Hawesville, Ky.; and Weirton, W.Va.

"This divestiture gives Roll Coater and its employees an opportunity to prosper, while allowing ArvinMeritor to focus on its core competencies in the global automotive and heavy truck markets," said Charles G. (Chip) McClure, ArvinMeritor Chairman, CEO and President.

"We are very excited to acquire Roll Coater, with its leading position and growing stable of blue chip customers," said Daniel H. Blumenthal, Managing Director, Willis Stein & Partners. "We look forward to working closely with Roll Coater's outstanding management team to continue to grow the business organically and through acquisitions."

National City acted as the financial advisor to ArvinMeritor for this transaction.

Willis Stein & Partners is a leading private equity firm that focuses on investments in profitable, well-managed and growing businesses. The principals of Willis Stein have made investments in 47 companies and manage approximately $3 billion in equity capital.

ArvinMeritor, Inc. is a premier $8 billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 32,000 people at more than 150 manufacturing facilities in 27 countries.