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MascoTech Acquires K-Tech Mfg., Inc.

7 August 1998

MascoTech Acquires K-Tech Mfg., Inc.

    TAYLOR, Mich., Aug. 7 -- MascoTech, Inc. today
announced the acquisition, in a private transaction, of K-Tech Mfg., a
Wheeling, Illinois-based manufacturer of industrial fasteners.
    K-Tech serves North American original equipment manufacturers and
distributors with custom-engineered and standard fasteners for metal and
plastic applications.  The company's products, markets and manufacturing
processes are highly complementary to MascoTech's Specialty Fastener Group.
Annual revenues for K-Tech approximate $25 million.
    "We are very pleased to add the capabilities and expertise of K-Tech to
our Specialty Fastener Group, and the MascoTech family of leadership
companies," said Frank M. Hennessey, Vice Chairman and Chief Executive Officer
of MascoTech.  "We expect K-Tech to work closely with our fastener operations
on market and technical initiatives which should accelerate revenue growth
throughout our fastener business."
    MascoTech is a diversified manufacturing company with world-leading metal
forming process capabilities and proprietary product positions serving
transportation and industrial markets.
    Visit MascoTech's website at http://www.mascotech.com.  MascoTech's press
releases are also available through Company News on-Call by fax, 800-758-5804,
extension 535375, or http://www.prnewswire.com.