Permatex Begins Transition Plan for Recently Acquired No Touch North America

    HARTFORD, Conn., June 20 Permatex, Inc. announced today it
is initiating its plan to integrate its recently acquired No Touch North
America (Lake Forest, Calif.) line of products and services into the company's
infrastructure.  No Touch North America is a market leader in tire and wheel
care.  The acquisition will add approximately $10 million to Permatex
revenues.
    "We expect to fully integrate the No Touch business by the end of the
year," said Permatex President Pat Formica.  "We have begun transferring No
Touch's warehousing to our facility in Solon, Ohio, and will close the No
Touch headquarters in California.  Customer service functions will move to
Hartford as of July 3, and the transition of marketing and distribution to the
Permatex sales force will take place during the next few months."
    Mr. Formica added that Permatex's main objective is to make the transition
as seamless as possible for its customers and traditional No Touch customers.
"We plan to introduce several new tire and wheel care products in the 2001
selling season.  We will be displaying some of these new and existing No Touch
products and outline our renewed advertising at the AAIA/SEMA show in
November."
    Commenting on the transition program, Permatex Chairman and Chief
Executive Officer Dean M. Willard said, "Permatex will now become a leader in
the estimated $100 million market in North America for tire and wheel care,
and the Company will have its initial products for the appearance chemicals
market."
    Permatex, a business unit of PBT Brands, Inc., serves the entire North
American automotive aftermarket with brand franchise products that include
Permatex(R), the Right Stuff(R), and Fast Orange(R).  Annual sales exceed $130
million.  The Company is owned mainly by private equity and debt investors.
Automotive Performance Group, a publicly traded company, has an 18% equity
ownership in Permatex.