B&M Acquires Hurst

January 17, 2007 - Chatsworth, CA Nate Shelton, Chairman of the B&M Companies, announced the acquisition of the Hurst Shifter Division, a Mr.Gasket Inc. brand since 1987.

Hurst is a leading manufacturer of performance and racing shifters for the manual and automatic transmission markets. Known as "America's Number 1 Shifter Company", Hurst has been an OEM supplier of performance shifters since the 1960's, and in more recent years, has offered "Hurst" branded factory packages. Hurst also offers a wide range of shifter accessories and a rebuild program for early classics outfitted with original Hurst shifters.

"B&M Racing & Performance Products has been in the shifter business even longer than Hurst and it has an excellent understanding and reputation in the marketplace. B&M is in a perfect position to take good care of the Hurst brand and it's legacy" stated Nate Shelton.

Both Mr. Gasket and B&M are committed to making the transition of the Hurst brand to B&M as smooth, and seamless as possible, with minimal disruption to business.

B&M Racing and Performance Products is headquartered in Chatsworth, California and has been a pioneer and leader in the racing and performance automatic transmission and shifter market since 1953. With the acquisition of the Hurst brand, B&M will be THE undisputed industry leader in the manual/automatic transmission shifters and accessory market.

The impressive lineup of B&M Companies now includes B&M Racing and Performance Products, McLeod Industries and Hurst Performance Products, quite a dynamic group with over 125 years of automotive performance history.

For further information, please contact:
Nate Shelton, Chairman B&M Racing & Performance Products, 9142 Independence Ave, Chatsworth, CA 91311, 818-882-6422,
visit www.bmracing.com,
Dennis Rogers, Executive VP Marketing, Mr. Gasket Inc., 10601 Memphis Ave., #12, Cleveland, OH 44144, 216-688-8300, or visit www.mrgasket.com.

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