FastenTech, Inc. Announces Plan to Issue $175 Million Senior Subordinated Notes Due 2011

    MINNEAPOLIS, Feb. 5 -- FastenTech, Inc. announced today that
it plans to issue $175 million of Senior Subordinated Notes due 2011.  The
notes will be issued in a private placement and are expected to be resold by
the initial purchasers to qualified institutional buyers under Rule 144A of
the Securities Act of 1933.  The proceeds from the sale of the notes will be
used to repay certain existing indebtedness, to settle certain interest rate
swaps and to pay related fees and expenses.
    The notes to be offered have not been registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.  This
news release shall not constitute an offer to sell or a solicitation of an
offer to buy such notes in any jurisdiction in which such an offer or sale
would be unlawful.

                               About FastenTech

    FastenTech, Inc. is a leading manufacturer and marketer of highly
specialized fasteners and fastener systems that provide critical applications
to a broad range of end-markets, including the automotive and light truck,
construction, industrial, military, power generation, and medium- and heavy-
duty truck markets.

                          Forward-Looking Statements

    This press release may contain certain "forward-looking statements."
These statements are based on management's current expectations and, although
management believes that such expectations are reasonable, they are subject to
uncertainty and changes in circumstances, many of which are beyond the
Company's control.  Accordingly, actual results may vary materially from the
expectations contained in the forward-looking statements.  The following
factors, among others, could cause actual results to differ materially from
those described in the forward-looking statements: the Company's high degree
of leverage; its ability to attract and retain customers and key personnel;
its ability to develop and market new products and to innovate existing
product lines; its ability to protect its intellectual property; its ability,
and the ability of our customers, to maintain good labor relations with its
and their respective employees and the unions representing them; its ability
to identify and integrate acquisitions; the cost and availability of raw
materials, especially steel rod; and its ability to continue to control cost
and maintain quality.  FastenTech is under no obligation to (and expressly
disclaims any such obligation to) update or alter any forward-looking
statements to reflect future events or developments.