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Letter to the Editor

Keystone Automotive Industries, Inc. Acquires Collision Parts Distribution Businesses in Ohio and Indiana

POMONA, Calif. -- Keystone Automotive Industries, Inc. has acquired the aftermarket collision parts distribution business of P-G Products Inc., based in Cincinnati, Ohio. P-G Products has annualized revenues of approximately $6.0 million.

In addition, Keystone has acquired Indiana Distributors, Inc., an aftermarket collision parts business based in Elkhart, Indiana, with annualized revenues of approximately $400,000. Terms of both transactions were not disclosed.

"The acquisition of P-G Products, a well-respected distributor with a 40-year history in the region, greatly strengthens Keystone's distribution business in the Cincinnati area. It also enables the company to merge its existing 30,000 square foot distribution facility in northern Cincinnati into P-G Products operations," said Charles J. Hogarty, president and chief executive officer of Keystone.

He noted that Keystone also plans to consolidate its existing distribution business in Indiana into the newly acquired Elkhart facility.

In addition, Hogarty said the company's recently announced plans for distribution expansion in Oklahoma were completed on schedule with the official opening today of a facility in Oklahoma City. Keystone anticipates it will open another new distribution facility in Portland, Oregon during the fourth quarter of fiscal 2002, followed by an additional greenfield operation in Raleigh, North Carolina later in the year.

Keystone Automotive Industries, Inc. distributes its products in the United States primarily to collision repair shops through its 114 distribution facilities, of which 21 serve as regional hubs. Its product lines consist of automotive body parts, bumpers, radiators and air conditioning condensers and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 19,000 stock keeping units that are sold to more than 25,000 repair shops throughout the nation.

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