Key Plastics Opens New Global Headquarters in Farmington Hills, Mich.; Firm Well Positioned For Continued Growth

    FARMINGTON HILLS, Mich.--Jan. 27, 2003--Key Plastics L.L.C. -- a world-class supplier of plastic injection-molded products to the automotive industry -- today announced the opening of its new global headquarters in Farmington Hills, Mich. B. Edward Ewing, Chairman and CEO of Key Plastics L.L.C., made the announcement.
    The 30,000 square-foot facility, located at 21700 Haggerty Road, houses the company's senior management team, advanced engineering groups, program management, CAD and CAE resources, finance, sales, marketing, human resources and central purchasing.
    The facility is designed for maximum flexibility to manage current needs and remain cost competitive. The site also is available to adapt quickly for future organic and acquisition opportunities, an essential component in the strategic business plan of both Key Plastics and its parent company, Key Automotive Group.
    "Our new global headquarters will support our domestic and global growth initiatives and permit us to take advantage of additional opportunities in emerging markets," said Ewing. "Key Plastics and the Key Automotive Group have mapped out an aggressive plan that will allow us to remain an innovator and quality leader in the automotive supply industry."
    Key Plastics is a Tier 1 and Tier 2 supplier to the automotive industry, providing a full range of engineering and production assemblies with annual revenue worldwide exceeding $525 million though 22 worldwide manufacturing facilities.
    Key Plastics L.L.C. is the flagship subsidiary of Key Automotive Group, a holding company for Dallas-based Carlyle Management Group (CMG). CMG focuses on acquiring and managing turnaround and special situation investment opportunities. The principals of CMG have extensive operations and investment experience in the automotive, aerospace, defense and heavy manufacturing industries. CMG is part of The Carlyle Group, among the largest private equity firms in the world, managing more than $13.5 billion of capital. Key Automotive Group's focus is to expand its holdings and establish market leadership among Tier One and Tier Two suppliers.