Meritor Automotive, Inc. (NYSE: MRA), now Meritor, Inc. (NYSE:MOTR), was a premier $4 billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company served light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. The company, headquartered in Troy, Michigan, employed 32,000 people at more than 150 manufacturing facilities in 27 countries.
Euclid Industries, headquartered near Cleveland, Ohio, was a leading supplier of automotive parts to the heavy truck aftermarket with revenues of more than $100 million. With the addition of the Euclid brand to its product portfolio, the Meritor aftermarket business was firmly positioned as an industry leader.
Tom Gosnell, Senior Vice President and President, Commercial Vehicle Systems, commented, “Bob Ventura was outstanding in leading our acquisition team and proved to be a skilled negotiator. His dedication and experience were instrumental in completing the acquisition on a very tight timetable in only three months. Bob’s sound judgment on when to involve our senior management allowed us to focus on running our business while a very successful acquisition process was being executed.”
David Greenfield, Meritor’s Senior Vice President and General Counsel at the time (now General Counsel with Kennametal, Inc.) added, “Bob is well versed in the negotiation of definitive agreements and as such is an outstanding partner to the legal team.”