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News of  August 15, 2001

Federal-Mogul Completes Acquisition of Polish Automotive Components Manufacturer WSK Gorzyce S.A.

SOUTHFIELD, Mich. - Federal-Mogul Corporation reported the completion of its acquisition of 85 percent of WSK Gorzyce S.A., a leading Polish producer of pistons and other automotive components.

"This acquisition is a significant strategic fit with our Power Cylinder System's operations and supports our growth initiatives in diesel applications," said Wilhelm A. Schmelzer, executive vice president, Powertrain Systems.  "We are pleased to welcome the dedicated Gorzyce employees into the Federal-Mogul organization.  With our plans to expand their capabilities, we have enhanced our ability to serve our customers with innovative, world-class quality products."

WSK employs 2,500 employees at its manufacturing location in Gorzyce, Poland, with annual sales of approximately $50 million.  The plant currently supplies pistons to Federal-Mogul.  WSK primarily manufactures the following products:

• pistons for gasoline and diesel engines
• piston pins
• alloy wheels

Terms of the acquisition were not disclosed.

(Aug. 10, 2001)

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