OpenGate Capital Closes on its Acquisition of Ride Control Mexicana from ArvinMeritor

Los Angeles, CA – August 24, 2009 – OpenGate Capital, a global private equity firm, today announced that it will close Ride Control Mexicana S de R.L. de C.V., a subsidiary of Ride Control LLC  and a manufacturer of shock absorbers and strut assemblies for light trucks and passenger cars, from Fortune 500 company ArvinMeritor. This complementary transaction follows closely with OpenGate’s acquisition of Gabriel North America (NA) less than two months ago.

About ArvinMeritor
 
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of ’forward thinking.’ The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM.
 
For more information, visit the company’s Web site at www.arvinmeritor.com.
 
About OpenGate Capital
 
OpenGate Capital is an international private equity firm that acquires controlling interests in businesses with solid fundamentals which exhibit opportunities for operational improvements and growth. Established in 2005, OpenGate Capital has a global footprint with headquarters in Los Angeles, California and a principal office in Paris, France. OpenGate is served by a seasoned team of M&A and operating professionals that bring the skills needed to acquire, operate and build successful companies. The partners of OpenGate have executed over 50 transactions worldwide ranging from corporate divestitures, turnaround acquisitions, industry consolidations and other special situations investments across a wide array of industries and geographical markets.
 
For more information on OpenGate Capital, please visit our website at www.opengatecapital.com.
 

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OpenGate Business Development Contact:

Dionisio Lucchesi

Vice President

+1 310-432-7000

DLucchesi@OpengateCapital.com