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Arvin Acquires WorldSource Coil Coating, Inc.

1 February 1999

Arvin Acquires WorldSource Coil Coating, Inc.

    COLUMBUS, Ind.--Jan. 29, 1999--Arvin Industries, Inc. , announced today that it has acquired the assets of WorldSource Coil Coating, Inc. Terms of the agreement were not disclosed.
    WorldSource has operated a coil coating facility in Hawesville, KY, since 1990. Arvin's Roll Coater Division operates facilities in Greenfield, IN; Kingsbury, IN; and Weirton, WV. Coil coating is the prepainting of metals to be fabricated by manufacturers in the construction, home appliance and automotive industries. The acquisition makes Roll Coater the largest independent coil coater in North America.
    V. William Hunt, Arvin President and Chief Executive Officer, said, "The addition of WorldSource significantly increases the capabilities of Arvin's coil coating division. We are pleased to further our commitment to this industry in which we are the clear market leader. This is another important step in Arvin's overall growth plan."
    Arvin Roll Coater President Donald E. Ebert stated, "This acquisition better positions us to provide products and services to an even broader geographic base, as well as to new and expanding markets. The blending of the technology and people within these organizations enhances our ability to serve the key customers of both Roll Coater and WorldSource."
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 50 manufacturing facilities and eight technical centers located in 19 countries. Arvin is a leading manufacturer of automotive exhaust systems, ride control products, and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI for exhaust systems, Gabriel in shock absorbers, and StrongArm gas charged lift supports.
    For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.htm. For information via fax, please call our News On Demand service at 888-622-1161.