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Aftermarket Technology Corp. Announces Potential Acquisition of All Trans

16 September 1999

Aftermarket Technology Corp. Announces Potential Acquisition of All Trans

 Acquisition Would Solidly Position ATC in  Standard Transmission Aftermarket

    WESTMONT, Ill., Sept. 15 /-- Aftermarket Technology Corp. announced today 
that it is in negotiations to acquire substantially all of the assets of Portland,
Oregon-based All TransmissionParts, Inc. and its affiliate, All Automatic 
Transmission  Parts, Inc.  These companies, which are expected to have 1999
 revenues of approximately $24 million, supply standard transmission parts and 
complete assemblies as well as automatic transmission components to the 
independent aftermarket for the repair of automobiles and light trucks.  The 
acquisition is expected to be slightly accretive to earnings in 1999 and is 
projected to add approximately $0.05-$0.07 per share in 2000.

    The All Trans companies, which began operations in 1985, would add a
market leading reputation and proven capabilities in standard transmissions to
ATC's existing product offerings.  The broadened product offerings would
enable ATC to expand its product and customer coverage.  Through this
strategic acquisition, ATC expects to be able to more fully develop the
standard transmission market by leveraging the Company's strength in
telemarketing and distribution systems with All Trans' products and
capabilities.  In addition, the All Automatic Transmission Parts affiliate
would provide ATC with access to additional hard parts supply for its existing
automatic transmission business.

    In commenting on this potential acquisition, Mike DuBose, Chairman,
President and CEO of ATC, said, "I am very pleased to make this announcement
today.  All Trans is a well-known and highly regarded transmission parts
distributor and its growth is a tribute to the efforts of Dave and Barry Helm,
as well as to their people.  They have successfully established their position
as one of the premiere independents serving the standard transmission parts
market.  This acquisition, when finalized, will provide us with a growth
opportunity through the expansion of our product lines and market coverage."

    Dave Helm, President of All Trans, stated, "We are pleased to be joining
the ATC team.  We believe that our companies are an excellent strategic fit
for ATC, providing them with the opportunity to continue execution of their
growth plans, with the addition of our strong base of assets, our people and
our loyal customers.  We are particularly pleased and excited about the
opportunity to continue in the business as part of the ATC family and to be a
part of their evolving success story."

    Continuing, DuBose stated, "Dave and Barry Helm will continue to manage
the business as they have for the past 14 years, under the All Trans name.  I
feel that we will be well-positioned to avail ourselves of new market
opportunities with the combined strength of the All Trans team and our
existing operations."

    The acquisition, expected to be completed in early October, has been
approved by the boards of directors of ATC and All Trans, but remains subject
to certain other contingencies, including finalization of a purchase agreement
and other closing conditions.  Therefore, no assurance can be given that the
acquisition will be completed.

    Aftermarket Technology Corp. is headquartered in Westmont, Ill.  The
Company's principal products include remanufactured transmissions, torque
converters and engines, as well as remanufactured and new parts for the repair
of automotive drive train assemblies.  ATC also remanufactures electronic
control modules, instrument and display clusters and radios.  In addition, the
Company provides third party distribution and material recovery services.

    The Company's customers include original equipment manufacturers and
independent transmission rebuilders, as well as wholesale distributors and
retail automotive parts stores.  Established in 1994, the Company maintains
more than 65 distribution centers throughout the United States and Canada.
Aftermarket Technology Corp. posted 1998 revenues of $486.8 million.