Carlyle Management Group Completes Acquisition of Key Plastics

    DALLAS, May 4 On April 26, 2001, Carlyle Management Group
(CMG), the Dallas based turnaround and management group, finalized and closed
its acquisition of Key Plastics from Chapter 11 bankruptcy protection via a
plan of reorganization.  Key Plastics, headquartered in Novi, Michigan, is a
leading global supplier of highly engineered plastic components and assemblies
to the automotive and light truck Tier I suppliers and original equipment
manufacturers in North America and Europe.  The company has 32 facilities
located in nine countries and generated revenues of over $550 million for
calendar year ending December 31, 2000.

    With this acquisition, CMG now manages $1.4 billion in revenues across
several industrial sectors: defense, aerospace and automotive.  Within this
portfolio, CMG manages over 12,500 individuals in 9 countries and 17 states.
This group of companies generates over $175 million in operating cash flow
with a large portion of that cash flow used to retire acquisition debt and
fund ongoing operations.  The installation of financial and operational
discipline has been instrumental in significantly improving the operating
performance and shareholder value creation of these companies.  CMG is part of
The Carlyle Group, a Washington, DC based private equity firm with over
$12 billion of equity capital under management.

    With the closing of the transaction, B. Edward Ewing, Chief Executive
Officer of CMG, will assume the role of President and CEO of Key Plastics.
Commenting on the transaction Mr. Ewing said, "I would like to thank the
customers, employees, and suppliers for standing by this company during this
long and difficult process.  With the bankruptcy now behind the company, the
focus of Key's management team will be to have the customers, employees, and
shareholders say that it is a great management team."