Maxcor Completes Purchase of ThyssenKrupp MetalCutting Group

NEW YORK, Oct. 6, 2005 -- Maxcor, Inc., in partnership with Silver Point Finance, LLC announced today that it completed the purchase of ThyssenKrupp's MetalCutting Group.

The MetalCutting Group is comprised of Cross Huller with sites in Germany, England, the USA, Brazil and Korea; Huller Hille and Hessapp in Germany; Witzig & Frank in Germany and the USA as well as Giddings & Lewis and Fadal in the USA. The companies will operate under Maxcor's MAG Industrial Automation Systems business segment, and will join leading manufacturing solutions provider, Cincinnati Lamb.

"We are excited to welcome MetalCutting's people, operations and world renowned brands," said Mo Meidar, Chairman and CEO, Maxcor, Inc. "Maxcor is dedicated to delivering the industry's best manufacturing solutions on a global basis and this addition to our product and services portfolio significantly improves our ability to do so."

For more information, please visit http://www.maxcorinc.com/ or call Michael McKee or Jim Benjamin (941) 907-3068.

About Maxcor, Inc.:

Maxcor, Inc. is an acquisitions and operations management organization with emphasis on operational improvement and growth strategies. The company has strong expertise in manufacturing, automation, distribution and industrial services. Maxcor and its team of experienced professionals have created value by focusing on quality, performance and customer satisfaction while taking a hands-on approach to achieving goals.