---

Hayes Wheels Completes Acquisition of Bosch Heavy-Duty Businesses

3 September 1997

Hayes Wheels Completes Acquisition of Bosch Heavy-Duty Businesses

    ROMULUS, Mich., and FARMINGTON HILLS, Mich., Sept. 3 -- Hayes
Wheels International, Inc. has completed its previously
announced acquisition of the assets of the heavy-duty hub-and-drum and medium-
and heavy-duty steel wheel businesses of Bosch Braking Systems Corporation, a
subsidiary of Robert Bosch Corporation.
    Customers for both businesses include virtually all major original-
equipment producers of medium- and heavy-duty trucks and trailers, as well as
independent warehouse distributors.  The two businesses had combined sales in
1996 of approximately $40 million, and will complement Hayes' existing heavy-
duty business, which had 1996 sales of approximately $110 million.
    Robert Bosch Corporation is the U.S. subsidiary of Robert Bosch GmbH,
based in Stuttgart, Germany.  Bosch is a worldwide supplier to the automotive
industry, as well as a producer of communications systems, industrial
equipment and consumer goods such as appliances and power tools.
    Hayes Wheels International is a world leader in the design,
engineering and manufacture of steel and aluminum wheels and brake drums and
rotors for the automotive and commercial highway markets in North America,
Europe and Asia.

SOURCE  Hayes Wheels International, Inc.