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Rankin to Focus on Professional Installer Customers

1 September 2000

Rankin to Focus on Professional Installer Customers

    HOUSTON, Sept. 1 Rankin Automotive Group, Inc. ("Company") today announced the
signing of a definitive agreement to sell certain assets of a group of stores
and a regional distribution center to Replacement Parts, Inc., parent company
of Crow-Burlingame Co., and Parts Warehouse, Inc. of Little Rock, AR.  The
assets sold will include 24 stores located in Mississippi and Louisiana, one
distribution center in Monroe, Louisiana, and independent auto parts store
businesses serviced from that distribution center.  Rankin will continue to
operate locations in Shreveport/Bossier, and Southeast Louisiana, which will
be serviced out of the Company's Houston distribution center.  The sale price
is currently expected to approximate $13.0 million.  The transaction is
scheduled to close September 18, 2000 and is subject to customary closing
conditions.
    Upon completion of the transaction, the Company will operate 41 stores in
Texas and Louisiana.  Randall B. Rankin, CEO stated, "This is a very important
step in refocusing the Company on its two-step distribution business.  We
expect our operating teams in Houston, Austin, San Antonio, and
Shreveport/Bossier to improve upon their leading positions in those markets."
Fletcher Lord, CEO of Replacement Parts Inc., said, "We are excited about the
opportunities this acquisition offers us.  We have been an active player in
most of these markets for as long as 50 years, and this transaction represents
a natural geographic fit for both our 110 store group and our distribution
company."