Remy International Completes Acquisition of Unit Parts Company

ANDERSON, Ind., March 22 -- Remy International, Inc., today announced that it has completed its acquisition of the assets of Unit Parts Company (UPC), based in Oklahoma City.

Unit Parts is a major supplier to the automotive aftermarket for new and remanufactured starters and alternators, offering custom branding, packaging and logistics solutions as well as complete engineering and support services. "The combination with UPC cements our number-one position in the electrical aftermarket and strengthens our financial outlook. This acquisition is a 'Win-Win' for Remy and UPC," said Remy International President and CEO, Thomas J. Snyder.

As previously announced, UPC will remain headquartered in Oklahoma City and operate as a division of Remy's Electrical Aftermarket.

Remy International, Inc., headquartered in Anderson, Indiana, is a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy duty systems and Remy brand starters and alternators, diesel engines and hybrid power technology. The company also provides a worldwide, components core- exchange service for automobiles, light trucks, medium and heavy-duty trucks and other heavy-duty, off-road and industrial applications. Remy was formed in 1994 as a partial divestiture by General Motors Corporation of the former Delco Remy Division, which traces its roots to Remy Electric, founded in 1896. More information is available at the company's website: http://www.remyinc.com/