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Collins & Aikman Completes Acquisition of Becker Group, LLC

Collins & Aikman Completes Acquisition of Becker Group, LLC

    TROY, Mich., July 5 Collins & Aikman today
announced that it has completed its acquisition of the Becker Group, LLC
(Becker).  As previously indicated, consideration included $60 million in
cash, an $18 million non-compete agreement (to be paid out over five years),
17 million shares of Collins & Aikman common stock and warrants for 500,000
shares at an exercise price of $5.00 per share.  Becker, a leading supplier of
plastic components to the automotive industry is being integrated into the
Company's plastics operations under the direction of Louis Gasperut, Chief
Operating Officer - North American Plastics.  Additionally, Chuck Becker,
former principal and owner of Becker, has joined Collins & Aikman's Board of
Directors as Vice Chairman.
    Commenting on the transaction, Thomas E. Evans, Collins & Aikman's
Chairman and Chief Executive Officer stated, "We're extremely pleased to have
completed this transaction which will further strengthen our plastics
operations.  In addition to gaining Becker's strong book of business, this
transaction brings to us both world-class tooling manufacturing capabilities
and expanded production capacity over a wide-range of high tonnage presses,
adds strategic production locations in the Eastern and Southern United States
and represents a key building block in Collins & Aikman's 'Mega Tier 2'
strategy."
    Collins & Aikman Corporation, with annual sales approaching $2 billion, is
the global leader in automotive floor and acoustic systems and is a leading
supplier of automotive fabric, interior trim and convertible top systems.  The
Company's operations span the globe through 13 countries, more than 70
facilities and over 15,000 employees who are committed to achieving total
excellence.  Collins & Aikman's high-quality products combine superior design,
styling and manufacturing capabilities with NVH "quiet" technologies that are
among the most effective available in the industry.  Information about Collins
& Aikman is available on the Internet at http://www.collinsaikman.com .
    This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  Actual results may
differ materially from the anticipated results because of certain risks and
uncertainties, including but not limited to general economic conditions in the
markets in which Collins & Aikman operates, fluctuations in the production of
vehicles for which the Company is a supplier, changes in the popularity of
particular car models or particular interior trim packages, the loss of
programs on particular car models, labor disputes involving the Company or its
significant customers, changes in consumer preferences, dependence on
significant automotive customers, the level of competition in the automotive
supply industry, pricing pressure from automotive customers, the substantial
leverage of the Company and its subsidiaries, limitations imposed by the
Company's debt facilities, charges made in connection with the integration of
operations acquired by the Company, the implementation of the reorganization
plan, risks associated with conducting business in foreign countries and other
risks detailed from time-to-time in the Company's Securities and Exchange
Commission filings including without limitation, in Items 1, 7, 7a and 8 of
the Company's Annual Report on Form 10-K for the year-ended December 31, 2000
and part 1 in the Company's Quarterly Report on Form 10-Q for the period ended
March 31, 2001.