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Textron Acquires Kaywood

28 July 1997

Textron Acquires Kaywood

                 Company Will be Added to Automotive Segment

    PROVIDENCE, R.I., July 28 -- Textron today announced the
acquisition of Kaywood Products Corporation of Jackson, Michigan, makers of
precision machined parts and components for assembled camshafts.  Terms were
not disclosed.
    Assembled camshafts are lower in weight and the precision technology also
helps with today's compact multi-valve engines.  In 1996, Kaywood had revenues
of $3.9 million.
    The acquisition will be added to CWC Textron, a worldwide leader in
automotive camshaft castings, based in Muskegon, Michigan.  CWC Textron is a
division of Textron Automotive Company, Troy, Michigan.
    "This acquisition will complement CWC Textron's product mix and improve
its ability to meet customers' camshaft requirements," said John Janitz,
Chairman, President and CEO of Textron Automotive Company.
    Textron Automotive Company is a leading worldwide supplier of automotive
interior and exterior trim, and functional components.
    Textron Inc. is a $9.3 billion global, multi-industry company
with market-leading operations in Aircraft, Automotive, Industrial and
Finance.

SOURCE  Textron Automotive Company