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Intermet Completes Acquisition of Ganton And Diversified Diemakers

21 December 1999

Intermet Completes Acquisition of Ganton Technologies And Diversified Diemakers

    TROY, Mich., Dec. 20 -- Intermet Corporation
announced today that it has closed on the agreement with JJM, LLC, Gantec II,
LLC, and Cerberus Institutional Partners, L.P., to acquire Ganton
Technologies, Inc., and Diversified Diemakers, Inc.  The acquisition gives
Intermet additional capacity for the manufacture of aluminum and magnesium
automotive components.  All of the shares of capital stock held by the
previous shareholders were purchased for cash.
    Ganton Technologies is a Wisconsin-based supplier of die-cast aluminum
components to the automotive industry.  Diversified Diemakers, with
headquarters in Missouri, is a leading manufacturer of magnesium die-cast
automotive components.  Combined, the two companies employ 2,000 people and
are expected to have sales of $235 million in 1999.
    With headquarters in Troy, Michigan, Intermet Corporation and its
subsidiaries are full-service suppliers of engine, drivetrain, chassis and
electronic components to the worldwide automotive industry.  Intermet also
manufactures cranes and specialty-service vehicles.  The company has more than
9,000 employees located in North America and Europe.  More information about
the company is available on the Internet at http://www.intermet.com .
    This news release may include forecasts and forward-looking statements
about Intermet, its industry and the markets in which it operates.  Forward-
looking statements and the achievement of any forecasts or projections are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or denied.  Such risks and
uncertainties are fully detailed as a preface to the Management's Discussion
and Analysis of Financial Condition in the Company's 1998 Annual Report for
the year ended December 31, 1998.