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Aftermarket Technology Corp. Completes Sale of Distribution Group

30 October 2000

Aftermarket Technology Corp. Completes Sale of Distribution Group

    WESTMONT, Ill., Oct. 30 Aftermarket Technology Corp.
today announced that it has completed the previously announced
sale of its Distribution Group to an affiliate of The Riverside Company.  The
purchase price consisted of $60 million cash, Series B preferred stock of the
buyer with a stated value of $9 million and an 18% promissory note of the
buyer in the principal amount of $10 million.  The cash proceeds from the sale
will be used by the Company to pay down debt and for reinvestment in the
continuing businesses.
    Mike DuBose, Chairman, President and CEO said, "This transaction
represents a key strategic step toward repositioning our Company.  With the
sale of the Distribution Group complete, we will now fully focus our efforts
on growing and expanding our core automotive drive train and logistics
businesses.  The new, streamlined and focused ATC will have a solid financial
foundation comprised of strong cash flows, decreased levels of debt,
increasingly strong customer relationships, improved margins and good earnings
growth prospects."
    DuBose commented further, "On a going forward basis, the sale of the
Distribution Group allows ATC to pay down approximately $56 million in debt
and results in a projected tax benefit of approximately $44 million, both of
which will further strengthen ATC's financial foundation."
    ATC is headquartered in Westmont, Illinois.  The Company's continuing
operations include drive train remanufacturing, third party logistics and
material recovery services. ATC also remanufactures electronic control
modules, instrument and display clusters and radios.  ATC posted 1999 revenues
from continuing operations of $328 million.
    To learn more about The Riverside Company, visit the website at
http://www.riversidecompany.com .

    The preceding paragraphs contain statements that are not related to
historical results and are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995.  Forward-looking
statements include those that are predictive or express expectations, that
depend upon or refer to future events or conditions, or that concern future
financial performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects, or possible future Company actions.
Forward-looking statements involve risks and uncertainties because such
statements are based on current expectations, projections and assumptions
regarding future events that may not prove to be accurate.  Actual results may
differ materially from those projected or implied in the forward-looking
statements.  The factors that could cause actual results to differ are
discussed in the Company's Annual Report on Form 10-K for the year ended
December 31, 1999 and other filings made by the Company with the Securities
and Exchange Commission.