---

Aetna Industries, Inc. Announces Termination of Tender Offer

1 November 1999

Aetna Industries, Inc. Announces Termination of Tender Offer for 11 7/8% Senior Notes Due 2006

    CENTER LINE, Mich., Oct. 29 -- Aetna Industries, Inc.
("Aetna") announced today that it has terminated its tender offer (the "Tender
Offer") relating to its $85.0 million outstanding principal amount of 11 7/8%
Senior Notes due 2006, Series B (the "Notes").  The Tender Offer Expiration
Date had been scheduled to expire at 12:00 midnight tonight, October 29, 1999.
    The Tender Offer was terminated because all of the conditions to Aetna's
obligations under the Offer to Purchase and Consent Solicitation dated
July 28, 1999 were not satisfied.
    Notes that have been tendered in the Tender Offer will be returned
promptly to holders by the depositary, Norwest Bank Minnesota National
Association.
    Aetna is a full-service supplier of engineered metal-formed components,
complex modules and assemblies to North American automotive original equipment
manufacturers.