Hilco Finance LLC Completes Purchase of Trim Trends Co.

    FARMINGTON HILLS, Mich., Feb. 13 -- Hilco Finance LLC, an
affiliate of Hilco Capital LP, has completed the purchase of the assets of
Trim Trends Co., an indirect, wholly owned subsidiary of Harvard Industries,
Inc.  Trim Trends Co., headquartered in Farmington, Hills, Michigan, is a tier
I and II supplier of automobile and light truck component parts.  It operates
four manufacturing facilities located in Bryan, Ohio; Spencerville, Ohio;
Deckerville, Michigan; and Dundalk, Ontario.  The company employs over 570
people.
    Trim Trends, founded in 1946, supplies decorative trim as well as
performance metallic fabrications to the North American car and truck
industry.  Throughout its history, Trim Trends has been recognized for its
innovative product designs and fabrication processes.  It has won the
prestigious Gold Award from DaimlerChrysler a record six consecutive times, an
award bestowed for exacting performance.  It has also earned the Q-1 from Ford
Motor Company, among many other quality awards.  Trim Trends provides its
customers with state of the art, metal fabrications utilizing their roll-
forming, stamping, bending, and welding technology in the production of door
intrusion beams, suspension link components, seat tracks, door frames, and
other structural metallic fabrications, many from ultra high-strength steels,
along with decorative trim parts, and transmission hubs.  Among the assets
purchased were numerous patents for product designs and manufacturing
techniques for a variety of high volume current production vehicles.
    Theodore L. Koenig, President and CEO of Hilco Capital LP said, "We have
been familiar with Trim Trends for some time and we have been very impressed
with the quality of the company's products and its management team.  We are
even more impressed with the significant support that the customers have shown
Trim Trends in the past.  Throughout this time period, Trim Trends has
continuously operated effectively and earned new business.  Recent new
business contracts awarded to Trim Trends underscored Trim Trends' value-added
position in the marketplace, which reinforced and solidified our decision to
make the investment."
    Mr. Koenig announced that James B. Gray has become C.E.O. of Trim Trends
Co., LLC.  Mr. Gray has previously been employed as the Managing Director of
Tenneco Automotive Europe, the President of CLEVITE Elastomers.  Mr. Gray
stated, "The key factors for success in this business are the support of your
customers, your employees and your suppliers.  We are fortunate to have all of
their support."
    Mr. Gray further said, "Our customers have continued to support us during
the sale process, even rewarding us with new business.  Our senior executives
will remain with the new company and the three unions have all ratified new
collective bargaining agreements with the new entity.  Finally, every one of
our vendors have agreed to support the new Trim Trends with normal trade
terms."
    David L. Kuta will continue in his role as President, a position he has
held for five years.  Mr. Kuta added, "We are very excited and energized with
the Hilco Finance acquisition of our company.  Hilco brings significant
financial resources to Trim Trends and a vision to take us to the next level.
Adding Jim Gray to our team is evidence of the Hilco commitment to grow and
expand our business.  We intend to continue to be an important strategic
partner to our customers and suppliers.  Their faith and continued support
will be remembered and rewarded."
    Hilco Capital LP is an investment fund specializing in providing junior
secured debt, tranche B debt, mezzanine financing and senior bridge financing
throughout North America.  Some of the largest banks and financial
institutions in North America comprise the investor limited partners of Hilco
Capital LP.  Hilco Capital provides financing for a broad cross-section of
manufacturers, distributors, retailers, importers and service providers.

    To learn more about Trim Trends Co., visit: http://www.trimtrendsco.com
    To learn more about Hilco Capital, visit: http://www.hilcocapital.com .