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Active Tool Evaluating Strategic Alternatives

18 January 1999

Active Tool Evaluating Strategic Alternatives

    ROSEVILLE, Mich., Jan. 18 -- Active Tool & Manufacturing Co.,
Inc. announced today that it has engaged Credit Suisse First Boston and Roney
& Co. to explore strategic alternatives to support Active Tool's continuing
investment in the growth of the company.  The range of alternatives include an
alliance or merger with another company, the recapitalization of the company
or the sale of the company, which may include the sale to a strategic buyer
seeking to develop a stronger position in the North American market.
    Active Tool & Manufacturing Co., Inc. is a Tier One Automotive stamping
supplier, serving a number of automotive companies, including DaimlerChrysler
Corporation, Ford Motor Company and General Motors Corporation.  Active Tool
operates stamping plants in Clinton Township, Michigan; Sebewaing, Michigan;
and Elkton, Michigan; offers full tool and die design and build services at
its tool and die center in Detroit, Michigan; and designs, develops and sells
adjustable pedal systems using proprietary technology.