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Federal-Mogul Completes Acquisition of Camshaft Machining Operations

21 January 1999

Federal-Mogul Completes Acquisition of Camshaft Machining Operations

    SOUTHFIELD, Mich., Jan. 20 -- Federal-Mogul Corporation
, today reported the completion of its acquisition of certain of
the camshaft machining operations of Crane Technologies Group, Inc.
    "The acquisition of these operations provides Federal-Mogul with
manufacturing capacity necessary for our future growth," said Frank Tomes,
executive vice president, General Products.
    The camshaft operations are located in Orland, Indiana and Jackson,
Michigan.  They employ approximately 230 people with sales of over $36
million.  Terms of the sale were not disclosed.
    Federal-Mogul's Camshaft Group offers three major camshaft technologies
-- castings, barstock and assembled -- from focused manufacturing locations
around the world.
    Headquartered in Southfield, Michigan, Federal-Mogul is a $7 billion
automotive parts manufacturer providing innovative solutions and systems to
global customers in the automotive, light truck, heavy-duty, railroad, farm
and industrial markets.  The company was founded in 1899.  Visit the company's
web site at http://www.federal-mogul.com for more information.  Federal-
Mogul's press releases are available by fax through Company News On-Call, call
800-758-5804, ext. 306225.