Precision Partners Inc.

Quality Supplier of the Year

Wed, 11 Apr 2007 08:20:39 GMT

Mid-State Machine Products is Named GE Energy’s 2003 Quality Supplier of the Year

March 9, 2004—In Atlanta, Georgia at a ceremony held by General Electric honoring suppliers for their longevity in continued excellence and superior performance, Mid-State Machine Products (MSM) was recognized and presented with General Electric’s prestigious “2003 Excellence in Quality Award”. The award is GE’s highest form of recognition for outstanding quality performance by a supplier.

Brian Moore, Center of Excellence (COE) Leader for GE Energy was noted as saying, “Mid-State Machine Products is one GE Energy’s most strategic suppliers, specializing in close tolerance machining of large parts for the power generation business. Further, Mid-State supports GE customers in multiple businesses, including: Steam, Generator, New Products Introduction (NPI), Energy Products, Energy Products Europe (EPE), Hungary and Oil & Gas. Soon, Mid-State Machine Products and their parent company Precision Partners, Inc. will be supporting GE Businesses in China with a new 50,000 square foot manufacturing facility. In 2003 Mid-State continued to demonstrate their excellence in quality. In fact, their reputation for quality is so outstanding that we have practically come to take their performance for granted. Time and again, Mid-State proves to be the supplier of choice for GE Energy.”

Moore continued, “Mid-State’s consistency and reliability in all aspects of their performance has firmly established a close and mutually rewarding relationship. We always know we can count on Mid-State to deliver a quality part on time, right the first time. Mid-State Machine Products truly distinguishes themselves with every quality part that they deliver.”

“Delivering High-Quality products and services to our customers has been a guiding principle of the Mid-State Machine Products organization from its inception in 1968” said Alan Dorval, President of Mid-State Machine. He continued, “Having our commitment to Quality recognized by GE Energy as their “2003 Excellence in Quality, Supplier of the Year”, is validation that our efforts have not gone unnoticed. Accepting this award on behalf of the entire MSM Team was an extremely proud moment for our organization.”

Mid-State Machine Products, located in Winslow, Maine is one of six operating subsidiaries of Precision Partners, Inc. (www.pphc.com), a leading supplier of precision-machined components, tooling and assemblies for original equipment manufacturers, with annual sales in excess of $140 million. Precision Partners, Inc. utilizes its broad manufacturing capabilities and highly engineered processes to provide a full line of high quality manufacturing and sub-assembly services, as well as engineering and design assistance to a wide range of industries that rely on “preferred status�? suppliers for their contract manufacturing requirements.

Strategic Acquisition

Tue, 01 May 2007 13:09:12 GMT

Precision Partners Completes Strategic Acquisition and Comprehensive Refinancing

Hazlet, NJ – October 4, 2004— Precision Partners Holding Company, (“Precision Partners”), a leading multi-national supplier of complex precision machined components, tooling, and assemblies, as well as related design and engineering services, today announced the completion of a strategic acquisition of the Electromac Group, Inc., (“Electromac”), a Windsor, Ontario based company. Electromac, in business for nearly 50 years, is focused on precision tooling and stamping, with a reputation for excellence in innovation, quality, and on time delivery. Electromac primarily services the automotive and commercial truck markets and had annual revenues of approximately US$34 million during its fiscal 2004. Concurrently, Precision Partners completed a comprehensive refinancing, significantly strengthening its balance sheet, reducing its effective borrowing rate, and providing capacity for further growth.

Precision Partners considers Electromac a cornerstone acquisition, providing the foundation for a new tooling and stamping division. With Electromac, Precision Partners expects 2004 pro forma combined revenues of approximately US$190 million supported by a workforce in excess of 1,000 employees. Electromac’s core capabilities complement Precision’s current operations in terms of; market, product, and business philosophy, strategically broadening the services made available to the combined customer base and further strengthening Precision Partners position as a critical supplier to the marketplace.

Since its inception in 1955, Electromac has grown to operate five manufacturing facilities located in Canada and the United States, focused on single and multi-stage stampings including, manufacturing process development, and tool design and construction, with the fastest growing segment of its business being production volume metal stamping. Electromac is certified to the coveted QS9000/TE standard as well as ISO 9002, and further has achieved both preferred and core supplier status for some of its customers most critical programs, all of which require outstanding performance in both quality and delivery.

Jerry Halliday, President and CEO of Electromac stated, “We are very excited about becoming a part of Precision Partners and believe this is a great opportunity for Electromac to continue the tradition of servicing its customers, and now combined with the strength of a major organization that possesses the same fundamental principles which our company has long valued, we can significantly grow our operation.”

Peter J. Statile, Executive Vice President and COO of Precision Partners, said, “The synergies and expertise that exist between Electromac and Precision Partners are enormously advantageous to us and to our customers. Our company has been greatly enhanced by the addition of Electromac’s operational strengths, their product and service offering, and their outstanding reputation for performance.”

Further, John G. Raos, President and CEO of Precision Partners commented that, “We have actively pursued an acquisition that presented the essential elements of performance and value creation. We believe Electromac, with its outstanding management team, met all our objectives and is an excellent strategic fit presenting an exceptional platform for growth. Our customers are continually looking for ways to better position themselves in their respective markets by placing more and more manufacturing responsibilities upon the supply base. By the addition of Electromac we are continuing to respond to that need, and are enthusiastic about our future.”

In addition to historical financial information contained herein, this release contains certain forward-looking statements. Forward-looking statements involve unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results.

Certified Supplier Award

Tue, 01 May 2007 13:24:28 GMT

Nationwide Precision Products Receives Eastman Kodak Certified Supplier Award for 2005

Hazlet, NJ – January, 2005—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that provides precision machined, stamped, and fabricated components, as well as sophisticated die tooling and assemblies, today announced that its Nationwide Precision Products subsidiary has received a 2005 Certified Supplier Award from Eastman Kodak Company.

The citation, endorsed by sourcing and quality executives from Eastman Kodak, honors Nationwide Precision for providing consistent outstanding performance in the areas of quality, delivery, lead-time, and productivity. The award further acknowledges the hard work and dedication of Nationwide Precision and for its contribution to the quality of components and assemblies produced by Eastman Kodak.

Darren J. Gillette, President and Chief Operating Officer of Nationwide Precision, commented, “We have had the privilege of working with Kodak for many years now, and commitment to partnership is what drives this type of success. Our entire team is very pleased to have received this honor and recognition from Kodak, and we are all looking forward to many more years of continued success.”

Peter J. Statile, Executive Vice President and Chief Operating Officer of Precision Partners, added, “We are proud of our longstanding relationship with Kodak and of the outstanding performance of the Nationwide team, who, by receiving this award demonstrates a dedication to our core operating philosophy of best quality, delivery and value for our customers.”

Statile concluded, “As Precision Partners continues to expand globally we are committed to standards exemplified in the spirit of this award. We look forward to further enhancing this and other strategic relationships by offering an even greater value proposition to our customers.”

About Precision Partners and Nationwide Precision Products

Precision Partners (www.pphc.com) is a leading global manufacturing and engineering services company, offering to its customers the combined technical resources of approximately 1,100 employees, working globally in approximately 950,000 square feet of state-of-the-art manufacturing space. By using its broad manufacturing capabilities and highly engineered processes to provide a full line of high quality manufacturing and sub-assembly services, as well as engineering and design assistance, all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

Nationwide Precision Products is a Precision Partners subsidiary company that specializes in precision machining and assembly of complex and semi-complex components from its nearly 300,000 square-feet of manufacturing space located in Rochester, New York.

Shanghai Facility

Tue, 01 May 2007 13:29:34 GMT

PPI Holding Company Formall Dedicates Facility in Shanghai, China

Company’s First Production Plant in Asia To Serve Major International Transportation and Power Generation Customers

Hazlet, NJ – May, 2005—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that provides precision machined, stamped, and fabricated components, as well as sophisticated die tooling and assemblies, has announced the formal opening of its first plant in Asia. The Worldwide Precision Products plant in Shanghai, China, is a 30,000 square-foot modern facility designed to service the engineering, machining, and assembly needs of the company’s commercial, industrial, transportation, and power generation customers in Asia.

The event was attended by, numerous local dignitaries as well as senior sourcing executives from some of the worlds leading companies. Guest speakers recognized Precision for its commitment to customer service and world-class manufacturing in Asia.

John G. Raos, President and Chief Executive Officer of Precision Partners, commented, “Our Worldwide Precision Products plant is the first milestone in our plan to become a major contributor to China’s growing precision machining industry. We are privileged to be joining with our customers and to play our part in ensuring that the economic goals and requirements of their industry, as well as those of the great country of China, are met.”

Raos continued, “With tremendous cooperation of the local government, our local customers and our own employees, in a relatively short time we were able to build, equip and start up a modern factory capable of producing more than 53,000 compressor bodies annually – more than any other producer has been able to provide in China to date.”

Peter J. Statile, Executive Vice President and Chief Operating Officer for Precision also commented on plans for expansion, “Within a year we expect to open another custom 60,000-square foot plant with state-of-the-art equipment, dedicated to the needs of our power generation and aerospace customers, furthering our investment in this vital market and our commitment to our customers as a critical global supplier.”

About Precision Partners and Worldwide Precision Products

Precision Partners is a leading global manufacturing and engineering services company, offering its customers the combined technical resources of approximately 1,100 employees, working globally in approximately 950,000 square feet of state-of-the-art manufacturing space. By using its broad manufacturing capabilities and highly engineered processes to provide a full line of high quality manufacturing and sub-assembly services, as well as engineering and design assistance, all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

Worldwide Precision Products is a subsidiary company of Precision Partners specializing in precision machining and assembly of complex and semi-complex components from its current 30,000 square-feet of manufacturing space located in Shanghai, China. Expansion plans for the subsidiary are currently underway.

Motor Wheel^® Acquisition

Tue, 01 May 2007 13:37:22 GMT

Precision Partners Holding Company Completes Acquisition of Motor Wheel^® Commercial Vehicle Systems

Hazlet, NJ – November 15, 2005—Precision Partners, “Precision”, a leading global manufacturing company that specializes in providing precision machined, stamped, and fabricated components, as well as sophisticated die tooling and assemblies, today announced that it has completed a $52 million acquisition of the Commercial Highway Hub and Drum business of Hayes Lemmerz International Incorporated. Under Precision, the newly acquired business will be renamed Motor Wheel Commercial Vehicle Systems.

The acquisition includes the brake hub and drum business, as well as the operating facilities located in; Berea, Kentucky; Chattanooga, Tennessee; and Mexico City, Mexico. Total annual revenues for these operations are approximately $108 million.

The Motor Wheel Commercial Vehicle Systems business has an employee base of over 500 and consists mainly of wheel end components for heavy truck and trailer transportation units. It includes the manufacture, sale, and distribution of over the highway braking system hubs and drums, in addition to the recognized MOTOR WHEEL, CentriFuse^®, CentriFuse Lite^®, CentruCast^®, and CentruCast Lite^® brand names.

Peter J. Statile, Executive Vice President and Chief Operating Officer of Precision, commented, “We are very excited about the potential that has been created by the addition of Motor Wheel Commercial Vehicle Systems. This acquisition is both strategically and operationally significant in that it secures for us well-known branded products recognized for their performance, value and substantial growth prospects, as well as a world class workforce which embraces the same values central to Precision’s operating philosophy. Domestically, the Motor Wheel product line, coupled with our complimentary services, and diverse customer base presents us with significant new opportunities. Internationally, through our recently established Worldwide Precision organization in Shanghai, China, the possibilities for expanding the Motor Wheel brand in Asian markets are considerable.”

John G. Raos, President and Chief Executive Officer of Precision, added, “With a significant portion of our current manufacturing focus on the heavy truck market, bringing the Motor Wheel hub and drum business into our company expands the products and services currently offered to our customers, and further broadens our customer base. We are proud to welcome the management and employees of our new Motor Wheel operation and are very pleased to have them join us in pursuing and capitalizing on the numerous growth opportunities available in the marketplace.”

About Precision Partners

Precision Partners (www.pphc.com) is a leading global manufacturing company with 13 production facilities located in the United States, Canada, and China, with annual revenues in excess of $250 million. Precision offers services through the following primary business groups: Precision Machining and Fabrication, Production Stamping and Tooling, and Asia-Pacific Production. Prior to the above completed acquisition of Hub and Drum, Precision Partners offered its customers the combined technical resources of approximately 1,100 employees, working globally in approximately 950,000 square feet of state-of-the-art manufacturing space. By using its broad manufacturing capabilities and highly engineered processes to provide a full line of high quality manufacturing and sub-assembly services, as well as engineering and design assistance, all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

Shanghai Facility ISO Registered

Tue, 01 May 2007 13:48:44 GMT

Worldwide Precision Products Facility in Shanghai Becomes ISO Registered

Hazlet, NJ – January, 2006— Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that specializes in providing precision machined, stamped, cast, and fabricated components, as well as sophisticated die tooling and assemblies, and Motor Wheel^® brand products, is pleased to announce that its Worldwide Precision Products facility in Shanghai, China has become ISO 9001:2000 registered.

Harry Wong, CEO of Precisions China operations, Worldwide Precision Products, commented, “We are very proud of this accomplishment, which is the result of the unrelenting commitment of all of our employees at Worldwide Precision. Since inception we have focused on offering our customers the utmost in quality, production technology, and service. Receiving an internationally recognized system registration validates to all that they can expect world-class service from our China operations.”

Peter J. Statile, Executive Vice President and Chief Operations Officer of Precision added, “Our team at Worldwide Precision has done an excellent job in implementing operational best practices essential to this registration and consistent with our commitment as a company to provide best in quality and value product. With production capabilities in Asia now ISO registered, Precision can provide ultimate flexibility and strategic solutions to our customers.”

About Precision Partners

Precision Partners is a leading global manufacturing and engineering services company comprised of 20 production facilities located in the United States, Canada, Mexico and China, with pro forma 2005 revenues in excess of $380 million. Precision offers complete manufacturing and engineering services with the combined technical resources of approximately 1,800 employees, working globally in approximately 1.7M square feet of state-of-the-art manufacturing space. By using its broad manufacturing capabilities and highly engineered processes to provide a full line of high quality manufacturing and sub-assembly services, as well as engineering and design assistance, all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

Acquisition of Helio Precision Products

Tue, 01 May 2007 13:54:11 GMT

Precision Partners Holding Company Completes Acquisition of Helio Precision Products, Inc.

Hazlet, NJ – March 08, 2006—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering company that specializes in providing precision machined, stamped, cast, and fabricated components, as well as sophisticated die tooling and assemblies, and Motor Wheel^® brand products, today announced that it has completed the acquisition of Helio Precision Products, Inc. (“Helio”) for an approximate purchase price of USD$20 million.

Helio operations consist primarily of specialized valve guide and valve train component manufacturing for heavy-duty engines. Helio has approximately 135 non-union employees in its Lake Bluff, Illinois, manufacturing facility and generated annual revenues of approximately USD$32 million in 2005. Helio is also a 50% joint venture partner in a foundry operation located in South Africa.

Helio is recognized for its proprietary processes in the areas of ultra-precision component manufacturing and rotational machining including as mentioned, valve guide machining and valve train component manufacturing. As a market leader in these areas, Helio has secured preferred and sole source supplier status among the world’s best-known brands in the heavy-duty engine industry.

Peter J. Statile, Executive Vice President and Chief Operating Officer of Precision, commented, “This acquisition is significant to Precision in that it adds a strategic niche capability to our considerable base of high precision proprietary processes, and consequently strengthens our position as a critical supplier to the highly demanding industries we serve.”

John G. Raos, President and Chief Executive Officer of Precision, added, “Helio is the recognized leader in the manufacture and engineering of valve guides for diesel engines used in heavy duty truck, off road, locomotive, and power generation markets and we welcome their expertise into the Precision Partners family. We are equally pleased to welcome the management and employees and look forward to providing their customer base with the additional value added services that Precision Partners has to offer.”

About Precision Partners

Precision Partners (a portfolio company of GSC Partners) is a leading global manufacturing and engineering company with 22 production facilities located in the United States, Canada, Mexico, China and South Africa, with 2005 pro forma revenues in excess of USD$380 million. Precision offers full manufacturing services including: design and process engineering; machining; stamping; component casting; complex die tooling design and build; fixturing design and fabrication; electro-mechanical assembly; full project and supply chain management; and the industry standard Motor Wheel brand braking system hubs, drums, and rotors. Precision Partners offers its customers the combined technical resources of approximately 2,000 employees, working globally in approximately 1.65 million square feet of state-of-the-art manufacturing space. By using its broad manufacturing service capabilities and highly engineered processes all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

About GSC Partners

GSC Partners is a registered investment advisor with over $9 billion of assets under management. The firm specializes in credit driven investing including control distressed debt, corporate credit, European mezzanine lending and structured finance. GSC Partners, with over 130 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gscpartners.com.

Acquisition of Frisby

Tue, 01 May 2007 14:08:38 GMT

Precision Partners Holding Company Completes Acquisition of Frisby P.M.C., LLC.

Matawan, NJ – May 8, 2006—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that specializes in providing precision machined, stamped, cast, and fabricated components, as well as sophisticated die tooling and assemblies, and Motor Wheel^® brand products, today announced that it has completed the acquisition of Frisby P.M.C., LLC (“Frisby”).

Frisby operations consist primarily of manufacturing precision turned components such as small motor shafts, spindles, and spindle assemblies as well as hydraulic actuators, fuel injectors and precision gears and gear shafts. Frisby has approximately 100,000 square feet at its Elk Grove Village, Illinois, manufacturing facility and generated annual revenues of approximately $14.5 million in 2005.

With its over 60 year history Frisby continues to be recognized for outstanding quality in the manufacture of extremely tight tolerance components and for providing engineered technical and product manufacturing solutions to an elite base of customers and industry leaders in the automotive, agriculture and construction, heavy and light duty truck, mass transit, motion control, and power tool markets.

Peter J. Statile, Executive Vice President and Chief Operating Officer of Precision, commented, “This acquisition is significant to Precision in that Frisby brings both a complementary base of core customers, as well as, unique manufacturing capabilities to our company. We hope to effectively leverage the considerable growth potential created by the incorporation of these historical relations and enhanced services.”

John G. Raos, President and Chief Executive Officer of Precision, added, “Frisby is a perfect fit with Precision. It has a well established history, an outstanding reputation, and a base of customers which are recognized as world class leaders in industry.”

About Precision Partners

Precision Partners (a portfolio company of GSC Partners) is a leading global manufacturing and engineering services company with 23 production facilities located in the United States, Canada, Mexico, China and South Africa, with annualized revenues in excess of $400 million. Precision Partners offers full manufacturing services including: design and process engineering; machining; stamping; component casting; complex die tooling design and build; fixturing design and fabrication; electro-mechanical assembly; full project and supply chain management; and the industry standard Motor Wheel brand braking system hubs, drums, and rotors.

Precision Partners offers its customers the combined technical resources of approximately 2,000 employees, working globally in approximately 1.7 million square feet of state-of-the-art manufacturing space. By using its broad manufacturing service capabilities and highly engineered processes all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

About GSC Partners

GSC Partners is a registered investment advisor with over $9 billion of assets under management. The firm specializes in credit driven investing including control distressed debt, corporate credit, European mezzanine lending and structured finance. GSC Partners, with over 140 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gscpartners.com.

Acquisition of Berkshire

Tue, 01 May 2007 14:15:17 GMT

Precision Partners Holding Company Completes Acquisition of Berkshire Industries, Inc.

Matawan, NJ – August 25, 2006—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that specializes in providing precision machined, stamped, cast, and fabricated components, as well as sophisticated die tooling and assemblies, and Motor Wheel^® brand products, today announced that it has completed the acquisition of Berkshire Industries, Inc. (“Berkshire”).

Berkshire is a well-recognized manufacturing, engineering and assembly services company. Operations are focused primarily on the machining and assembly of complex aerospace and defense components such as eyepieces, hydraulic manifolds, diffuser cases, actuator housings, afterburner components, and titanium actuating cylinders. Berkshire has approximately 95,000 square feet at its Westfield, Massachusetts, manufacturing facility where it has approximately 166 employees and is expected to generate 2006 revenues of approximately $45 million.

Berkshire was founded in 1957 and continues today to be recognized for its outstanding technical capabilities, high performance equipment, and excellence in manufacturing. With its reputation and numerous awards for quality and service, Berkshire is often selected as the preferred sole source provider of components for some of the world’s best known aerospace and defense OEM’s.

Peter J. Statile, Executive Vice President and Chief Operating Officer of Precision, commented, “Berkshire is a great strategic and operational fit with our Power Generation, Aerospace, and Defense group of companies. Their customers and “best in class” capabilities are complimentary to our core operating philosophy and significantly strengthen our position in the market place.”

John G. Raos, President and Chief Executive Officer of Precision, added, “Berkshire has a strong history, and an outstanding reputation. This is truly a company that is world-class in every respect. Berkshire brings critical mass and a customer base that consists of the top names in the aerospace and defense markets. We welcome their outstanding management team and their highly skilled workforce to the Precision Partners family.”

About Precision Partners

Precision Partners (a portfolio company of GSC Partners) is a leading global manufacturing and engineering services company with 23 production facilities located in the United States, Canada, Mexico, China and South Africa, with pro forma revenues in excess of $475 million. Precision Partners offers full manufacturing services including: design and process engineering; machining; stamping; component casting; complex die tooling design and build; fixturing design and fabrication; electro-mechanical assembly; full project and supply chain management; and the industry standard Motor Wheel brand braking system hubs, drums, and rotors.

Precision Partners now offers its customers the combined technical resources of approximately 2,200 employees, working globally in approximately 1.8 million square feet of state-of-the-art manufacturing space. By using its broad manufacturing service capabilities and highly engineered processes all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing.

About GSC Partners

GSC Partners is a registered investment advisor with over $9 billion of assets under management. The firm specializes in credit driven investing including control distressed debt, corporate credit, European mezzanine lending and structured finance. GSC Partners, with over 140 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gscpartners.com.

City Honors Motor Wheel^®

Fri, 14 Sep 2007 08:16:41 GMT

Motor Wheel^® Commercial Vehicle Systems recieves Certificate of Appreciation

Canton, MI — September 7, 2007 — Motor Wheel Commercial Vehicle Systems, Inc. announced that it has been recognized by The City of Chattanooga Department of Public Works.

The Motor Wheel foundry facility in Chattanooga, Tennessee received a Certificate of Appreciation in recognition of their contribution to Pretreatment Excellence. The award is based on industrial wastewater compliance. In celebration of the City of Chattanooga’s Silver Anniversary of their Industrial Waste Pretreatment Program, the city wanted to recognize Motor Wheel for their contributions and support over the years to pretreatment excellence.

“Motor Wheel is very proud to receive this recognition,” said Ed Meador, President and Chief Executive Officer of Motor Wheel CVS. “This award not only demonstrates Motor Wheel’s operational excellence in manufacturing, but also our commitment to the environment. It is also a well-deserved recognition of the hard work and dedication of our employees in Chattanooga.”

Motor Wheel Commercial Vehicle Systems, Inc. is a leading global supplier of commercial highway axle-end components.

Contact: Jennifer Cameron Motor Wheel Commercial Vehicle Systems, Inc. 734.416.8911

About Precision Partners

Precision Partners (a portfolio company of GSC Partners) is a leading global manufacturing and engineering services company with 22 production facilities located in the United States, Canada, Mexico, China and South Africa, with pro forma revenues in excess of $475 million. Precision Partners offers full manufacturing services including: design and process engineering; machining; stamping; component casting; complex die tooling design and build; fixturing design and fabrication; electro-mechanical assembly; full project and supply chain management; and the industry standard Motor Wheel brand braking system hubs, drums, and rotors.

About GSC Partners

GSC Partners is a registered investment advisor with over $9 billion of assets under management. The firm specializes in credit driven investing including control distressed debt, corporate credit, European mezzanine lending and structured finance. GSC Partners, with over 140 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gscpartners.com.

Precision Partners Inc.

Quality Supplier of the Year

Mid-State Machine Products is Named GE Energy’s 2003 Quality Supplier of the Year

Strategic Acquisition

Precision Partners Completes Strategic Acquisition and Comprehensive Refinancing

Certified Supplier Award

Nationwide Precision Products Receives Eastman Kodak Certified Supplier Award for 2005

About Precision Partners and Nationwide Precision Products

Shanghai Facility

PPI Holding Company Formall Dedicates Facility in Shanghai, China

About Precision Partners and Worldwide Precision Products

Motor Wheel® Acquisition

Precision Partners Holding Company Completes Acquisition of Motor Wheel® Commercial Vehicle Systems

About Precision Partners

Shanghai Facility ISO Registered

Worldwide Precision Products Facility in Shanghai Becomes ISO Registered

About Precision Partners

Acquisition of Helio Precision Products

Precision Partners Holding Company Completes Acquisition of Helio Precision Products, Inc.

About Precision Partners

About GSC Partners

Acquisition of Frisby

Precision Partners Holding Company Completes Acquisition of Frisby P.M.C., LLC.

About Precision Partners

About GSC Partners

Acquisition of Berkshire

Precision Partners Holding Company Completes Acquisition of Berkshire Industries, Inc.

About Precision Partners

About GSC Partners

City Honors Motor Wheel®

Motor Wheel® Commercial Vehicle Systems recieves Certificate of Appreciation

About Precision Partners

About GSC Partners

Motor Wheel^® Acquisition

Precision Partners Holding Company Completes Acquisition of Motor Wheel^® Commercial Vehicle Systems

City Honors Motor Wheel^®

Motor Wheel^® Commercial Vehicle Systems recieves Certificate of Appreciation