Wackenhut's main products are complex stampings and assemblies, including the production and surface treatment of truck cabs. Wackenhut has an excellent reputation for high-quality products and holds a superior market position as a full service supplier with their complete value production chain from tooling to surface treatments. Wackenhut has strong and long established relationships with Germany's major automotive manufacturers, including DaimlerChrysler, Audi, VW and BMW.

Wackenhut, founded in 1933 as a coach manufacturer, supplies the automotive industry with sheet metal processing, including tooling, stamping, assembly and surface treatment. Wackenhut, with annual sales of approximately $61 million, employs approximately 500 employees in three production facilities located in Altensteiger Strasse, Iselshausen, and Wolfsberg, Germany. These facilities are all ISO and VDA 6.1 certified.

For the period ending March 31, 1999, year-to-date motorcycle registrations increased 11% to 6,915 bikes, from 6,217 bikes registered during the first quarter of 1998. As previously anticipated, in the key German and North American markets, registrations rose nearly 50% and 40%, respectively.