IMPCO forms joint venture with Beru

3 February 1999

IMPCO Technologies Inc. announced the formation of a joint venture with BERU Aktiengesellschaft, a Germany-based OEM and aftermarket supplier of diesel and automotive engine components and systems. BERU will purchase a 49 percent interest in The Netherlands-based IMPCO Technologies B.V.

Sales of IMPCO Technologies B.V. are projected to be $13 million this fiscal year. The new company will be operated as IMPCO-BERU Technologies B.V.

BERU Aktiengesellschaft, with headquarters in Ludwigsburg, Germany, is a manufacturer of diesel engine cold-start technology and components for gasoline-fueled engines, with annual sales of approximately $250 million. BERU currently holds 13.9 percent of IMPCO Technologies' common stock.

IMPCO Technologies provides propane and natural gas conversion systems for motor vehicles, forklifts, other material handling equipment, and small portable to large stationary engines.