Commercial Vehicle Group Announces Acquisition of Monona Wire Corporation

NEW ALBANY, Ohio, June 8 -- Commercial Vehicle Group, Inc. ("CVG") , today announced that on June 3, 2005 it acquired all of the outstanding common stock of Monona Corporation, the parent of Monona Wire Corporation ("MWC"), for cash consideration of $55.0 million.

MWC is a leading manufacturer of low volume electronic wire harnesses, instrument panel assemblies and also assembles cabs for the construction market. Major customers include Caterpillar, Oskosh Truck and Deere. MWC has eight manufacturing facilities based in Mexico, Iowa, Wisconsin; and Illinois and a corporate office in Naperville, Illinois.

For the fiscal year ended January 31, 2005, MWC recorded revenues of $85.5 million and earnings before interest, taxes, depreciation and amortization of $12.1 million before the effects of certain restructuring and rationalization charges of $1.2 million. In addition, MWC recorded operating income of $9.6 million and depreciation and amortization of $1.3 million.

Financing for the acquisition consisted of an increase and amendment to CVG's existing credit facility. The company said it expects the acquisition to be accretive to earnings and provide positive economic value in the first year.

"We are excited about the acquisition of MWC. This acquisition will expand our overall strategy of manufacturing components within commercial vehicle cabs and diversify our product line into the construction equipment sector," said Mervin Dunn, CVG's president and chief executive officer. "MWC's strong relationships in the construction equipment and specialty vehicle markets will expand CVG's presence in those sectors and provide strategic cross-selling opportunities for all product categories. In addition, MWC's world class Mexico operation will give CVG a manufacturing presence in Mexico and provide a seasoned management team that is experienced in successfully operating a facility in Mexico."

CVG will hold a conference call at 10:00 a.m. EDT on June 9, 2005 to discuss the acquisition. To participate in the call, investors should dial (706) 643-0395 at the scheduled time and ask for the CVG conference call. The call will be available by replay through 12:00 a.m. EDT on June 16, 2005 at (706) 645-9291, using passcode 6927379.

About Commercial Vehicle Group, Inc.:

Commercial Vehicle Group is a leading supplier of fully integrated system solutions for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction and agriculture market and the specialty and military transportation markets. The company's products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, cab structures and components, mirrors, wiper systems, electronic wiring harness assemblies and controls and switches specifically designed for applications in commercial vehicle cabs. CVG is headquartered in New Albany, OH with operations throughout North America, Europe and Asia. Information about CVG and its products is available on the internet at http://www.cvgrp.com/ .

Cautionary Concerning Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are based on certain assumptions that the company has made in light of its experience in the industry as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) CVG's ability to develop or successfully introduce new products; (ii) risks associated with conducting business in foreign countries and currencies; (iii) general economic or business conditions affecting the markets which CVG serves; (iv) increased competition in the heavy-duty truck market; (v) CVG's failure to complete or successfully integrate additional strategic acquisitions; and (vii) various other risks as outlined in CVG's SEC filings. There can be no assurance that statements made in this press release relating to future events will be achieved. CVG undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to CVG or persons acting on behalf of CVG are expressly qualified in their entirety by such cautionary statements.