Transpro Completes Merger with Modine Manufacturing Company's Aftermarket Business; Changes Name to Proliance International, Inc.

NEW HAVEN, Conn.--July 22, 2005--Transpro, Inc. (AMEX: TPR) announced that it has closed its previously announced merger transaction today with Modine Aftermarket Holdings, Inc., the automotive aftermarket business of Modine Manufacturing Company .

The newly combined Company has been renamed Proliance International, Inc. and will trade on the American Stock Exchange under the ticker symbol "PLI" beginning on July 26, 2005. Charles E. Johnson, Transpro's CEO, will serve as the combined company's CEO. With facilities in North and Central America, and in Europe, Proliance International is a leading manufacturer and distributor of heat transfer and temperature control products focused on the automotive, heavy duty and industrial aftermarkets. The Company's comprehensive product offering includes industry-recognized brands such as Ready-Rad(R), Modine(R), NRF(TM) and MexPar(TM) radiators and Ready-Aire(R) and AirPro Quality Parts(R) for mobile air conditioning applications. Proliance is expected to have annual revenues in excess of $400 million.

The Board of Directors of Proliance will consist of Barry R. Banducci, Paul R. Lederer, William J. Abraham, Jr., Philip Wm. Colburn, Vincent L. Martin, Bradley C. Richardson, James R. Rulseh, F. Alan Smith, Michael T. Yonker and Mr. Johnson.

Proliance International will benefit from an expanded product/brand presence and geographic scope, as well as an improved balance sheet and financial flexibility. With the completion of the merger, the Company will embark on a 12- to 18-month integration period that will result in estimated one-time restructuring charges of $10 million to $14 million, as previously announced. Upon completion of the integration period, the Company expects to achieve in excess of $20 million in recurring full year synergy benefits, given reasonable market conditions.

Charley Johnson, President and CEO of the Company stated, "We are most pleased to announce the closing of this landmark transaction and the formation of Proliance International, Inc. The increased operational scale and financial strength that will result from this merger will allow us to compete and grow in today's challenging market environment. We will continue to focus on our customers as we begin to address the opportunities and challenges ahead, always acting in the context of our 'Strategic Corporate Values'. We have completed significant planning to accelerate the potential synergy benefits of this transaction and smooth the necessary systems changes needed as much as practical and, as a result, we anticipate a reasonably seamless transition. From every perspective, this is a transaction with great promise for all involved, and we are committed to continue building shareholder value as we move ahead. We will provide additional announcements over the next few months, which will describe in more detail our rationalization plans."

Transpro, Inc. is a leading manufacturer and distributor of aftermarket heat transfer and temperature control products for automotive and heavy duty applications.

Transpro, Inc.'s Strategic Corporate Values are:

-- Being An Exemplary Corporate Citizen

-- Employing Exceptional People

-- Dedication To World-Class Quality Standards

-- Market Leadership Through Superior Customer Service

-- Commitment to Exceptional Financial Performance