LMI Aerospace Completes Tempco Acquisitions

Apr 03, 2001, 01:00 ET from LMI Aerospace, Inc.

    ST. LOUIS, April 3 /PRNewswire/ -- LMI Aerospace, Inc. (Nasdaq/NMS: LMIA)
 today announced that it completed the acquisitions of the operating assets of
 Tempco Engineering, Inc. and Hyco Precision, Inc., ("Tempco"), two privately
 held related metal machining companies based in Southern California.
     Tempco produces components for photolithography equipment used in the
 manufacture of semiconductors, as well as components for the defense and
 commercial aerospace industries.  Its sales in 2000 were approximately
 $16 million.  LMI pointed out that the transaction is expected to be
 immediately accretive and reflects its strategy of growth through acquisitions
 that diversify its customer base and add core competencies.  Because more than
 half of Tempco's sales are to the technology industry, LMI's concentration of
 Boeing commercial aircraft business is expected to decline to 35 percent of
 sales.
 
     LMI Aerospace, Inc. is a leading supplier of quality components to the
 aerospace industry.  The company operates five manufacturing facilities that
 fabricate, finish, and integrate close tolerance aluminum and specialty alloy
 components for commercial, corporate, regional, and military aircraft.  Its
 products include leading edge wing slats and lens assemblies; cockpit window
 frame assemblies; fuselage skins and supports; and passenger and cargo door
 frames and supports.  The company celebrated its 50th anniversary in 1998.
 Special Note
 
     This press release includes forward-looking statements related to the
 benefits of the acquisition that are based on current management expectations.
 Such forward-looking statements are subject to various risks and
 uncertainties, many of which are beyond the control of the company.  Actual
 results could differ materially from the forward-looking statements as a
 result, among other things, of the factors detailed from time to time in the
 company's filings with the Securities and Exchange Commission.
 
 

SOURCE LMI Aerospace, Inc.
    ST. LOUIS, April 3 /PRNewswire/ -- LMI Aerospace, Inc. (Nasdaq/NMS: LMIA)
 today announced that it completed the acquisitions of the operating assets of
 Tempco Engineering, Inc. and Hyco Precision, Inc., ("Tempco"), two privately
 held related metal machining companies based in Southern California.
     Tempco produces components for photolithography equipment used in the
 manufacture of semiconductors, as well as components for the defense and
 commercial aerospace industries.  Its sales in 2000 were approximately
 $16 million.  LMI pointed out that the transaction is expected to be
 immediately accretive and reflects its strategy of growth through acquisitions
 that diversify its customer base and add core competencies.  Because more than
 half of Tempco's sales are to the technology industry, LMI's concentration of
 Boeing commercial aircraft business is expected to decline to 35 percent of
 sales.
 
     LMI Aerospace, Inc. is a leading supplier of quality components to the
 aerospace industry.  The company operates five manufacturing facilities that
 fabricate, finish, and integrate close tolerance aluminum and specialty alloy
 components for commercial, corporate, regional, and military aircraft.  Its
 products include leading edge wing slats and lens assemblies; cockpit window
 frame assemblies; fuselage skins and supports; and passenger and cargo door
 frames and supports.  The company celebrated its 50th anniversary in 1998.
 Special Note
 
     This press release includes forward-looking statements related to the
 benefits of the acquisition that are based on current management expectations.
 Such forward-looking statements are subject to various risks and
 uncertainties, many of which are beyond the control of the company.  Actual
 results could differ materially from the forward-looking statements as a
 result, among other things, of the factors detailed from time to time in the
 company's filings with the Securities and Exchange Commission.
 
 SOURCE  LMI Aerospace, Inc.