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Questor Partners Portfolio Company Renamed AP Automotive Systems, Inc.

4 February 1998

Questor Partners Portfolio Company Renamed AP Automotive Systems, Inc.; Combined Tube Products, AP Parts Relocates Headquarters to Toledo

    TOLEDO, Ohio, Feb. 4 -- Tube Products Corporation and AP
Parts International, Inc., which combined in December 1997, announced today
that the consolidated company has been renamed AP Automotive Systems, Inc.,
and that the corporate headquarters has been moved to Toledo, Ohio.
    Terry Bernander, president and chief operating officer, said that the new
name is more appropriate for a company that no longer focuses on individual
products, but rather has expanded from a limited range of tubular products to
complete exhaust systems for cars and trucks.  He said that the AP name was
retained as part of the new corporate title because of its high recognition
value and reputation in the automotive industry and because of its association
with many valuable exhaust system patents.
    AP Automotive Systems is believed to be the world's third largest
integrated supplier of automotive exhaust systems.  The company has
approximately 3,000 employees and had 1997 sales of about $600 million.  Its
plants are located in the United States and Europe and its customer base
includes General Motors, Ford, Volvo, Mercedes Benz and Volkswagen.
    Bernander said that the key factor in corporate headquarters relocation to
Toledo was that Northwestern Ohio city's proximity to the company's
significant customer base in Detroit.  Tube Products had been based in
Vandalia, near Dayton in the southwest region of the state.  The headquarters
move will affect only a few key executives and will have virtually no effect
on the company's employment base in the Dayton area, where AP Automotive
Systems has three plants.
    AP Automotive Systems is a portfolio company of Questor Partners Fund,
L.P., a limited partnership established in 1995 to acquire underperforming and
"special situation" companies.  In addition to AP Automotive Systems, the
fund's portfolio includes Ryder TRS, Inc., Denver, Colo.; Channel Master,
Inc., Smithfield, N.C., and Schwinn Cycling and Fitness Inc., Boulder, Colo.
    Questor Management Company, based in Southfield, Mich., manages Questor
Partners Fund.  The principals of Questor are Jay Alix, founder of Jay Alix &
Associates, a national management consulting and turnaround firm; Dan Lufkin,
co-founder of Donaldson, Lufkin & Jenrette (DLJ); Edward L. Scarff, former
president of Transamerica Corporation; and Melvyn N. Klein, a former executive
of DLJ.

SOURCE  AP Automotive Systems, Inc.