TOLEDO, Ohio (Sept. 13) — Dana Corp. said it is selling its trailer axle manufacturing business to Hendrickson USA L.L.C. for about $38 million.
Hendrickson, a subsidiary of Boler Co., will obtain assets located in Lugoff, S.C.; Barrie, Ontario,; and Wuxi, China, which are used to make heavy-duty trailer axles and suspensions.
Dana is reorganizing under U.S. bankruptcy court Chapter 11 protection.