UGN, Inc. Selects Tinley Park for New Headquarters

CHICAGO, March 31 -- UGN, Inc., a leading Tier 1 supplier of automotive acoustic, interior trim and thermal management products, today announced the company will be moving its corporate headquarters from Chicago to Tinley Park, Ill. The move is expected to take place in June 2005.

"After conducting extensive research and numerous site visits, we are excited about this move and look forward to joining the Tinley Park community," said Peter Anthony, president and CEO, UGN, Inc. "This move is just the beginning of a long and prosperous future for UGN in Tinley Park."

UGN's new headquarters occupies 30,000 sq. ft. and is a $6 million investment for the company. The new headquarters will employ 100 of UGN's current team members. In addition to its corporate headquarters, UGN has manufacturing facilities in Chicago Heights, Ill., Jackson, Tenn. and Valparaiso, Ind.

Headquartered in Chicago, UGN was incorporated in 1986 as a joint venture between Rieter Automotive Systems and Nihon Tokushu Toryo (Nittoku). Rieter's innovative leadership in theoretical acoustics combined with advanced manufacturing processes and quality system design by Nittoku have established UGN as a preferred supplier of acoustic, interior trim and thermal management products to the Japanese transplant automotive industry in North America. For more information on UGN, visit the company's Web site at http://www.ugnusa.com/ and http://www.rieter.com/ .