Reinhold Industries Purchases Edler Industries

Apr 25, 2001, 01:00 ET from Reinhold Industries, Inc.

    SANTA FE SPRINGS, Calif., April 25 /PRNewswire/ -- On April 20, 2001,
 Reinhold Industries, Inc. (OTC Bulletin Board:   RNHDA), purchased certain
 assets and assumed certain liabilities of Edler Industries, Inc. The purchase
 price was $2.6 million consisting of $1.6 million cash paid at closing and a
 $1.0 million note due in September 2001.
     Edler Industries, Inc., located in Newport Beach, California, is a
 manufacturer of structural and ablative composite components mainly for
 subcontractors of the U.S. defense industry. The acquisition is expected to
 add approximately $2.4 million of sales in 2001 and $4.4 million in 2002.
 After a short transition period, production will be transferred to Reinhold's
 facilities in Santa Fe Springs. The operation will be renamed the "Thermal
 Insulation" division of Reinhold.
     "We are very excited to add Edler Industries to the Reinhold family" said
 Michael T. Furry, president and CEO of Reinhold. "We will continue to fully
 support Edler's customer base with the same level of quality and service that
 they have built over the past 50 years."
     Reinhold Industries, Inc. is a manufacturer of advanced custom composite
 components, sheet molding compounds and rubber rollers for a variety of
 applications in the United States and Europe.
 
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SOURCE Reinhold Industries, Inc.
    SANTA FE SPRINGS, Calif., April 25 /PRNewswire/ -- On April 20, 2001,
 Reinhold Industries, Inc. (OTC Bulletin Board:   RNHDA), purchased certain
 assets and assumed certain liabilities of Edler Industries, Inc. The purchase
 price was $2.6 million consisting of $1.6 million cash paid at closing and a
 $1.0 million note due in September 2001.
     Edler Industries, Inc., located in Newport Beach, California, is a
 manufacturer of structural and ablative composite components mainly for
 subcontractors of the U.S. defense industry. The acquisition is expected to
 add approximately $2.4 million of sales in 2001 and $4.4 million in 2002.
 After a short transition period, production will be transferred to Reinhold's
 facilities in Santa Fe Springs. The operation will be renamed the "Thermal
 Insulation" division of Reinhold.
     "We are very excited to add Edler Industries to the Reinhold family" said
 Michael T. Furry, president and CEO of Reinhold. "We will continue to fully
 support Edler's customer base with the same level of quality and service that
 they have built over the past 50 years."
     Reinhold Industries, Inc. is a manufacturer of advanced custom composite
 components, sheet molding compounds and rubber rollers for a variety of
 applications in the United States and Europe.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X64954157
 
 SOURCE  Reinhold Industries, Inc.