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Peregrine Completes Plant Acquisition

8 January 1998

Peregrine Completes Plant Acquisition

    SOUTHFIELD, Mich., Jan. 8 -- Peregrine has completed the
acquisition of the door hinge and spare-tire carrier manufacturing operations
of American Commercial Industries, Inc. (ACI), a Troy, Mich., automotive
supplier.  Peregrine announced plans for the acquisition in December.
    Peregrine Chairman and CEO Ed Gulda said, "We are very pleased with this
acquisition.  It greatly expands our share of the hinge market and customer
base."
    The door hinge operation is located in Jackson, Mich., and the spare-tire
carrier operation is located in Matamoros, Mexico.
    Headquartered in Southfield, Mich., Peregrine supplies interior and
exterior products to the automotive industry through manufacturing operations
in Battle Creek, Flint, Livonia and Warren, Mich.; and Oshawa and Windsor,
Ontario.  The company has annual sales of more than $1.1 billion.  Peregrine
was formed by Joseph Littlejohn and Levy, a private investment partnership, on
Dec. 31, 1996.  Peregrine's Web site address is:  http://www.com.pgrine.

SOURCE  Peregrine