Decoma announces withdrawal of bid to acquire Peguform France's fascia operations

CONCORD, ON, Feb. 28 -- Decoma International Inc. (TSX:DEC.A; NASDAQ:DECA) today announced that it has elected not to proceed with its previously announced bid to acquire the business and assets of Peguform France S.A.S. ("Peguform"). As a result, Decoma has withdrawn its initial bid of January 31, 2003, from the Official Receivers of Peguform.

Decoma designs, engineers and manufactures automotive exterior components and systems which include fascias (bumpers), front and rear end modules, plastic body panels, roof modules, exterior trim components, sealing and greenhouse systems and lighting components for cars and light trucks (including sport utility vehicles and mini-vans). Decoma has approximately 14,000 employees in 42 manufacturing, engineering and product development facilities in Canada, the United States, Mexico, Germany, Belgium, England, Japan, France and the Czech Republic.