HAYZ Hayes Lemmerz International (MM)

Hayes Lemmerz Announces Sale of its Equipment and Engineering Division NORTHVILLE, Mich., July 1 /PRNewswire-FirstCall/ -- Hayes Lemmerz International, Inc. (NASDAQ:HAYZ) today announced the sale of its wholly- owned Equipment and Engineering subsidiary, located in Au Gres, Michigan. The equipment business was sold to Todd G. Carlson and former Hayes Lemmerz employee Daniel D. Minor. The business will be renamed CMI - Equipment and Engineering, Inc. Terms of the transaction were not disclosed. The business engineers and manufacturers a wide range of foundry equipment and systems for molding, coremaking, melting and finishing operations. It has approximately 50 employees. "This division has a broad customer base and an excellent reputation in the marketplace," said John A. Salvette, Vice President of Business Development. "The divestiture is part of our strategy to streamline Hayes Lemmerz, and still retaining CMI - Equipment and Engineering as a valued supplier." "I am excited about this transaction," commented CMI - Equipment and Engineering, Inc.'s President Daniel Minor. "This will encourage continued growth in the business. We look forward to continuing to support Hayes Lemmerz while creating greater opportunities to secure business with a wider range of equipment users." Hayes Lemmerz International, Inc. is one of the world's leading global suppliers of automotive and commercial highway wheels, brakes, powertrain, suspension, structural and other lightweight components. The Company has 41 facilities and over 11,000 employees worldwide. More information about Hayes Lemmerz International, Inc., along with a complete list of current and archived press releases, is available at http://www.hayes-lemmerz.com/ . DATASOURCE: Hayes Lemmerz International, Inc. CONTACT: Marika P. Diamond of Hayes Lemmerz International, Inc., +1-734-737-5162 Web site: http://www.hayes-lemmerz.com/

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