Clarion Technologies Inc. Completes Double ``J'' Molding Acquisition

4 October 1999

Clarion Technologies Inc. Completes Double ``J'' Molding Acquisition

    SCHAUMBURG, Ill.--Oct. 4, 1999--Clarion Technologies Inc. (OTC BB:CLTC) Monday announced that it has completed its acquisition of the outstanding stock of Double "J" Molding Inc. in exchange for shares of Clarion Common Stock and the assumption of the outstanding debt of Double J.
    In a related transaction, Clarion also acquired the real estate owned by a partnership, and used by Double J, for cash and the assumption of debt.
    Double J is a tier two automotive injection molding supplier. Double J's largest customer is Johnson Controls Inc. As expectations for tier two suppliers have changed recently, Double J has focused on developing into a full-service supplier.
    Double J, located in South Haven, Mich., has grown from 20 employees and 18 injection molding machines in 1986, when it was purchased by current management, to 210 employees and 40 injection molding machines ranging in size from 55 to 500 tons. Double J currently operates from two facilities with a total area of 110,000 square feet, including a recently completed 48,000 square foot addition to one of its plants. Double J had 1998 sales of approximately $21 million.
    Clarion Technologies is a full-service supplier to the heavy truck, automotive, furniture and consumer goods industries. As a full-service supplier, Clarion provides capabilities ranging from product ideation, engineering and tooling to the manufacturing and assembly of the final product. Clarion is able to provide a full range of manufacturing capabilities with molding capacity ranging from 50 tons to 5,000 tons of clamping force.

    Except for historical information, this new release contains certain forward-looking statements that involve unknown risks and uncertainties which may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the statements made. Such risks and uncertainties include, but are not limited to, uncertainties regarding the marketing of its products, the availability of funds for ongoing operations and further development or acquisition activities and other risks detailed from time to time in the company's Securities and Exchange Commission filings.
    For further information contact James Hostetler, V.P. -- Corporate Development & Investor Relations of Clarion, at 847/490-9900 or obtain information, including an electronic version of the Company's brochure, on the Web at www.clariontechnologies.com.