Peregrine Announces Changes

27 January 1998

    SOUTHFIELD, Mich., Jan. 27 -- Peregrine Incorporated, a
private automotive parts company headquartered in Southfield, Mich., announced
today the resignation of chairman and CEO Edward J. Gulda, effective
immediately.
    Jess C. Ball, currently COO, will assume the additional responsibilities
of CEO. Ball has held senior executive positions with several manufacturing
companies including Fairfield Manufacturing, Chicago Pneumatic and the General
Electric Co.
    Peregrine also announced today that Horst Sieben was appointed CFO,
effective Jan. 12, 1998.  Sieben was most recently CFO at Freedom Chemical
Co., and, prior to that, CFO at Foodbrands Inc.  Sieben previously worked with
Ball in turning around a variety of manufacturing companies for Joseph
Littlejohn & Levy, the private investment partnership that formed Peregrine on
Dec. 31, 1996.
    Ball and Sieben will focus on continuing to implement the turnaround
already underway at Peregrine.
    Peregrine supplies interior and exterior automotive products to the
automotive industry through manufacturing operations in Battle Creek, Flint,
Jackson, Livonia and Warren, Mich.; and Oshawa and Windsor, Ontario; and
Matamoros, Mexico.  The company has annual sales of more than $1.1 billion and
employs approximately 5,500 people.  Peregrine's Web site address is
http://www.pgrine.com.

SOURCE  Peregrine Incorporated