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Lear Corporation Enters Into Definitive Agreement to Acquire ITT Automotive Seat Sub-Systems Unit

4 August 1997

Lear Corporation Enters Into Definitive Agreement to Acquire ITT Automotive Seat Sub-Systems Unit

    SOUTHFIELD, Mich., Aug. 4 -- Lear Corporation
announced today that it has entered into a definitive agreement to acquire ITT
Automotive's Seat Sub-Systems Unit, a North American supplier of power seat
adjusters and power recliners.  The ITT Automotive unit, a division of ITT
Industries , which had 1996 sales to non-Lear facilities of
approximately $115 million, has four plants at various locations throughout
Michigan and Ontario, Canada.  The unit employs approximately 1,000 people.
The acquisition will enable Lear to integrate seat back technology with seat
adjuster systems for the increasingly systems-intensive OEM automotive
marketplace.
    "The acquisition of ITT Automotive's Seat Sub-Systems Unit will give Lear
the opportunity to enhance quality for our seat system customers," said
Kenneth L. Way, Chairman and CEO of Lear Corporation.  He added, "We believe
ITT Automotive's mechanisms capability is an excellent solution to total seat
systems integration in the automotive interior arena."
    A Fortune 250 Company, Lear Corporation is one of the world's largest
automotive suppliers, with 1996 sales of over $6.2 billion.  The Company's
world class products are manufactured by more than 47,000 employees in over
150 facilities located in 23 countries.
    Information about Lear and its products is available on the Internet at
 http://www.lear.com.

SOURCE  Lear Corporation