The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Noble International, Ltd. Acquires Pro Motorcar Products, Inc.

4 January 2001

Noble International, Ltd. Acquires Pro Motorcar Products, Inc.
    DETROIT, Jan. 4 Noble International, Ltd.  ("Noble")
today reported that it has completed, through its wholly owned
subsidiary, Monroe Engineering Products, Inc. ("Monroe") the acquisition of
all of the assets of Pro Motorcar Products, Inc. ("Pro Motor"), a Florida
corporation and its distribution affiliate, Pro Motor Car Distribution, Inc.
("Distribution"), a Michigan corporation.  Pro Motor is the leading provider
of paint thickness gauges, inspection instruments, preparation and application
tools for the paint, body and equipment industry.  The Electronic Paint
Thickness Gauges ("ETG") were developed by the principal owner of Pro Motor,
John Pfanstiehl, who has received several patents for this and other paint
body and equipment devices.  The ETG's are popular among autobody shops and
automobile dealers seeking to confirm the integrity of paint application and
uncover unreported paint damage.
    The purchase price for the acquisition of Pro Motor and Distribution was
$1.1 million and $350,000 respectively, plus the payment of a performance
premium to Distribution for fiscal 2002 and 2005 in the event that the
business reaches certain predetermined goals.  In addition to the acquired
assets, Monroe has retained the rights to market and distribute any new auto-
related products developed by Mr. Pfanstiehl.
    In announcing the acquisition Jeff Stratton, Vice President of Monroe
said, "The acquisition of Pro Motor and Distribution will enhance the strong
market presence currently enjoyed by Monroe.  In addition to adding some
outstanding products to our offering, Distribution brings a team of seasoned
sales people to assist Monroe with its future growth plans.  We also
anticipate that we will be able to aid distribution of these products through
our network of drivers in our logistics group who service automobile
dealerships."
    Noble International, Ltd. is a leading supplier of automotive parts,
component assemblies and value-added services to the automotive industry and a
leading supplier of dedicated regional logistic services.  As an automotive
supplier, Noble provides design, engineering, manufacturing, complete program
management and other services to the automotive market.  Noble delivers
integrated component solutions, technological leadership and product
innovation to original equipment manufacturers (OEMs) and Tier I automotive
parts suppliers thereby helping its customers increase their productivity
while controlling costs.
    Certain statements in this news release may be "forward-looking
statements" within the meaning of Section 27A of the Securities and Exchange
Act of 1933.  Statements regarding future prospects and developments are based
upon current expectations and involve certain risks and uncertainties that
could cause actual results and developments to differ materially from the
forward-looking statements.