HAYZ Hayes Lemmerz International (MM)

NORTHVILLE, Mich., Oct. 17 /PRNewswire-FirstCall/ -- Hayes Lemmerz International, Inc. (NASDAQ:HAYZ) today announced the sale of its aftermarket brake controller business to Hayes Brake Controller Company, a limited liability corporation formed by Syncro Corporation of Arab, Alabama. Under the agreement announced today, Hayes Brake Controller Company will acquire all inventory, assets and intellectual property necessary to the operation of the aftermarket brake controller business. Financial terms of the transaction were not disclosed. "This deal is consistent with the strategic objectives of both companies," said Ed Kopkowski, President of the North American Wheels, Commercial Highway and Aftermarket Business Unit at Hayes Lemmerz. "The sale will allow Hayes Lemmerz to focus on growing its core wheel business. At the same time, Syncro has been a long-term partner in the design, development and manufacturing of all of our brake controller products. As a core business of Syncro they will allocate the resources necessary to improve and grow this business. We intend to work with Syncro to ensure a rapid and successful transition." 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 39 facilities and approximately 11,000 employees worldwide. Syncro Corporation, formed in 1937, is a privately held company specializing in the design and manufacture of electronic and electro- mechanical products for the automotive, small engine and industrial markets. Syncro Corporation can be found on the web at http://www.syncrocorp.com/ . 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/ http://www.syncrocorp.com/

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