ANNOUNCEMENT

MW INDUSTRIES, INC. ACQUIRES RAF ELECTRONIC HARDWARE


MW Industries, Inc. (MWI), Logansport, IN, has acquired RAF Electronic Hardware (RAF), a division of R&R Manufacturing Company, Inc. Terms of the transaction were not disclosed.

RAF is headquartered in Seymour, CT. It is a leading manufacturer and catalog marketer of electronic hardware components, serving customers in the computer, telecommunications, medical, defense and aviation industries.

Dan Sebastian, President and CEO of MWI, commented, "We are very pleased to be adding RAF to the MWI family of companies. This acquisition is a great complement to our existing catalog operations, adds critical mass to our presence in key segments of the technology sector and strengthens our distribution network. "

Jim Callaghan, CFO of MW Industries, Inc. further stated, "RAF is a strong and well-regarded brand in its markets. We believe there is great opportunity to leverage RAF's strong market position for even greater growth in the future. "

Tom Rafferty, owner of R&R Manufacturing, also commented on the transaction. "The choice of the right buyer was critical to us. We believe that MW Industries is a great fit with RAF. They understand RAF's products and markets, and have the capital resources to invest in the company and its people. We want to wish MWI every success in the future. "

MW Industries, Inc. (www.mw-ind.com) is a manufacturer of springs, stampings, and fasteners. Started 80 years ago as a single company, MWI today operates 13 facilities and employs over 900 people. MWI serves the global transportation, construction, agriculture, electronic, energy, medical, power tool and industrial machinery industries with precision-engineered custom parts and off-the-shelf catalog components.

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