Exide is Exclusive Supplier to Farm & Home Supply
Retailer is Newest Exide Customer in the Mid-States Buying Group
LAWRENCEVILLE, N.J., April 12 -- Exide Technologies, (BULLETIN BOARD: EXDTQ) ( www.exide.com ) a global leader in stored electrical-energy solutions, has been named the exclusive battery supplier to Farm & Home Supply. Exide is supplying a complete range of batteries to all of the company's seven retail locations in southern Illinois and northeast Missouri.
Farm & Home Supply, a family-owned business, was founded in 1960 in Quincy, Illinois. It provides animal care supplies, automotive products, clothing, farm supplies and sporting goods primarily to customers in rural markets. The retailer is affiliated with Mid-States Distributing Company, Inc., a buying organization serving home, farm and fleet retailers. Mid- States has 52 members with more than 500 retail locations nationwide. Exide already supplies other Mid-States members in 20 states in the South, Midwest, and Western U.S.
Exide has begun to supply Farm & Home Supply with a complete range of automotive, agricultural, light truck, lawn & garden, heavy duty, motorcycle, marine and golf car batteries under the Exide Champion(R) and NASCAR Select(R) brands and the Mid-States Dura-Start private label. The product line includes a wide selection of batteries to meet various climate and performance needs as well as applications.
"Exide earned the Farm & Home Supply business through our track record of sales and service to other Mid-States members," said David G. Enstone, president of the Exide Technologies Global Transportation Business Group. "With a singular focus on continuous improvement and customer service, we are in business to help customers such as Farm & Home Supply and other Mid-States members live up to their customer promises."
The Exide Salina, Kansas, facility, the largest automotive battery manufacturing plant in the world, will produce products for Farm & Home Supply. The batteries will be supplied through Exide's distribution network in St. Louis, Missouri.
About Exide Technologies:
Exide Technologies, with operations in 89 countries and fiscal 2003 net sales of approximately $2.4 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The company's two global business groups -- industrial energy and transportation -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Industrial uses include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS); and motive-power applications for a broad range of equipment uses, including lift trucks, mining vehicles and commercial vehicles.
Transportation applications include automotive, heavy-duty truck, agricultural and marine, as well as new technologies being developed for hybrid vehicles and new 42-volt automotive applications. The company supplies both aftermarket and original-equipment transportation customers.
Further information about Exide Technologies, its financial results and other information can be found at www.exide.com .
Certain statements in this press release may constitute forward-looking statements as defined by the Securities Litigation Reform Act of 1995. As such, they involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any results expressed or implied by such forward-looking statements. These are enumerated in further detail in the company's Form 10-K.
MEDIA CONTACT: Jeannine Addams or Kristin Wohlleben Tarkenton & Addams, Inc. 404/231-1132 INVESTOR CONTACT: Doug Morris Gavin Anderson & Company 212/515-1962