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Magna Acquires The European Plastics Business Of YMOS AG

9 September 1997

Magna Acquires The European Plastics Business Of YMOS AG

     MARKHAM, Ont., Sept. 9 /CNW-PRN/ - Magna International Inc. (TSE:MG.A,
MG.B; ME:MG.A; NYSE:MG.A) announced today that it has entered into an
agreement to acquire, for a purchase price of approximately Cdn$140 million,
from YMOS AG all of its plastics exterior and interior component operations
(the ``YMOS Automotive Group''). The acquisition is subject to regulatory and
other consents and approvals.
     The YMOS Automotive Group is a leading supplier of exterior plastic and
interior components, including fascias, grills, exterior trim, body side and
other moldings, instrument panels and consoles to the European automotive
industry, with projected calendar 1997 sales of approximately Cdn$275 million.
It currently employs approximately 1,500 people in three wholly owned
manufacturing facilities in Germany and one facility in Belgium. Its principal
customers include Audi, BMW, Ford, Mercedes Benz, Opel, PSA, Toyota and
Volkswagen.
     This acquisition enables Magna to significantly expand both its exterior
and interior systems capability in Europe and will strengthen its position as
a major full service systems supplier to the global automotive industry.
     Magna, one of the most diversified automotive suppliers in the world,
designs, develops and manufactures automotive systems, assemblies and
components primarily for sale to original equipment manufacturers of cars and
light trucks in North America, Mexico and Europe. Magna's products include
exterior decorative systems, interior products including seating systems, door
and other panels, and sound insulation systems, stamped and welded metal parts
and assemblies, sunroofs, electro-mechanical devices and assemblies, various
engine, powertrain and fueling and cooling components, and a variety of
plastic parts, including body panels and fascias.
     Magna has over 36,000 employees in 125 manufacturing operations and 20
product development and engineering centres in 11 countries.

SOURCE  Magna International Inc.