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Federal-Mogul Announces the Planned Divestiture Of its Marshall, Ill.

12 October 2000

Federal-Mogul Announces the Planned Divestiture Of its Marshall, Illinois Facility

    SOUTHFIELD, Mich., Oct. 11 Federal-Mogul Corporation today
announced it has entered into an agreement with GKN Sinter Metals, to sell its
sintered products facility in Marshall, Illinois.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
    The facility manufactures powder metal components used in non-automotive
applications, primarily in industrial compressors and refrigeration units.
Annual sales for 1999 were approximately $6.6 million.  The facility employs
approximately 45 people, and was recently recommended for QS-9000
certification.
    "I believe that this divestiture is very positive for both Federal-Mogul
and the people at the Marshall facility," according to Mike Verwilst, senior
vice president, Powertrain Systems-Americas.  "This divestiture will enable
Marshall to develop its expertise in industrial applications, while Federal-
Mogul will continue to focus its efforts on providing customers with high-
quality powder metal solutions for automotive applications."
    Terms of the agreement were not announced.