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Shiloh Completes Acquisition of MTD Automotive

2 November 1999

Shiloh Completes Acquisition of MTD Automotive

    VALLEY CITY, Ohio, Nov. 1 -- Shiloh Industries, Inc.
, a leading supplier of parts, subassemblies and processed steel
primarily to the automotive and truck industries, announced today it had
completed its previously announced acquisition of substantially all the assets
of MTD Automotive, a division of MTD Products, Inc., headquartered in
Cleveland.
    Pursuant to the terms of the transaction, the aggregate consideration paid
to MTD Products by Shiloh consisted of $20.0 million in cash and 1,428,571
newly issued shares of Shiloh common stock.  The stock issuance was approved
by Shiloh's stockholders at a special meeting held on August 31, 1999.
    Based in Valley City, Ohio, Shiloh Industries, Inc. supplies blanks,
stampings, subassemblies and processed steel primarily to the automotive and
truck industries.  The company operates 10 facilities in Ohio, Michigan and
Georgia and employs more than 1,900 people.