JAC Products Names New President of European O.E. Operations

MADISON HEIGHTS, Mich., March 15 -- JAC Products, the world's leading manufacturer of OEM roof racks, announces the hiring of Paul Parent as President of JAC Products Europe. A group of five companies located in Europe and South America, JAC Products Europe manufactures automotive roof racks and rack accessory products for original equipment automakers and the accessory aftermarket. Parent will work out of JAC Products Europe headquarters in Wuppertal (Koln), Germany, where he will be responsible for all European manufacturing and sales operations. The position reports to George Hofman, JAC Products President and CEO.

Prior to joining JAC, Parent served as president of Vibracoustic North America, a Plymouth, Mich.- based division of Freudenberg-NOK. He held previous positions as president of NAFTA Suspension Activities, Sachs Automotive of America; Vice President of Bosch Automotive Motor Systems (BAMS); and General Manager, Wiper Systems.

According to Hofman, "Paul's appointment has further enhanced JAC Europe's position as market leader. While utilizing his skills and experience to strengthen operational efficiencies, Paul will focus on long-range, strategic opportunities to expand our European business portfolio."

About JAC Products Europe

JAC Products Europe, a group of companies serving the European marketplace, manufactures vehicle roof racks and rack accessory products, including bike racks, ski racks, crossbars, ski boxes, and cargo boxes, supplying original equipment manufacturers as well as the accessory aftermarket. JAC Products Europe Group operates manufacturing facilities in Germany, Portugal, Argentina, Sweden, and England.

About JAC Products

Founded in 1967, JAC Products, Inc. supplies the majority of original equipment roof racks on North American vehicles, and accounts for over half of category market share worldwide. Owned by Citicorp Venture Capital, Ltd., JAC Products manufactures products in the U.S., Germany, Portugal, Argentina, and the U.K. Additionally, JAC owns and operates Mont Blanc(R) (Sweden) and Paddy Hopkirk (England), which manufacture bicycle and ski racks, plus component supplier Franklin Aluminum (Franklin, Georgia). For more information, visit the company's website at www.jacproducts.com .