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Delco Remy International Joins Wall Street (Winner's Circle)

17 December 1997

Delco Remy International Joins Wall Street (Winner's Circle)

    NEW YORK, Dec. 17 -- Delco Remy International, Inc.,
comes to Wall Street and the New York Stock Exchange December 17,
1997, with an initial public offering of four million shares.  This offering
is being underwritten by Morgan Stanley, Dean Witter, Credit Suisse, First
Boston and Salomon Brothers.
    Delco Remy International is a leading OEM and aftermarket producer of
electric starters, heavy duty alternators and components for the automotive,
marine, truck, agriculture and construction industries.  Led by Harold K.
Sperlich, former Chrysler Corporation executive and Thomas J. Snyder, a
veteran GM divisional product director, Delco Remy International, Inc., also
remanufactures powertrain components for numerous retail automotive chains,
warehouse distributors and OE aftermarket service centers.
    The Delco Remy brand traces its roots back to 1896 when the Remy Brothers
began experimenting with magnetic fields, alternating current and ignition
devices.  Through many years of alliances with such companies as Charles F.
"Boss" Kettering's DELCO, and their eventual merger and affiliation with
General Motors, Delco Remy opens a new chapter of success with this limited
public offering.  The Delco Remy name continues to be linked to the latest
innovative technology.  "Constantly Improving the technologies to formulate,
develop and produce products and components, produces a high level of
reliability and customer satisfaction," says Tom Snyder, C00.
    The company is actively pursuing new, remanufacturing and distribution
opportunities, with special emphasis on the strong, world-wide demand for
aftermarket products.  Multimillion dollar investments have been made in new
products, facilities and equipment.  Delco Remy is expanding its global
presence through acquisitions, joint ventures, and license agreements on
every continent.  Diversified manufacturing facilities in Mexico, Canada,
Hungary, Korea, China and India and sales offices in England, France,
Germany, Argentina and Brazil, put the company in a position to respond to
customer needs around the world.

SOURCE  Delco Remy International, Inc.