SOURCE: RHJ International SA

January 12, 2007 02:09 ET


BRUSSELS, BELGIUM -- (MARKET WIRE) -- January 12, 2007 --

Brussels, January 11, 2007 - RHJ International (EURONEXT: RHJI) announced today that Asahi Tec Corporation ("Asahi Tec"), one of its Japanese consolidated businesses involved in the automotive components industry, has completed the acquisition of US-based Metaldyne, a leading global supplier of powertrain and chassis systems and components for the automotive industry. The total transaction consideration is approximately $ 1.2 billion, including the refinancing of Metaldyne's existing interest-bearing debt but excluding consent fees for the existing bonds and Asahi Tec transaction expenses.

RHJI funded the transaction with $ 85 million of its own cash; it remains the largest shareholder of Asahi Tec with a controlling ownership of 41.7%, previously 62.8%. Major investors also include Mitsui & Co., Ltd. (21.4%) and Chuo Mitsui Growth Capital Investment Ltd. Partnership II (2.7%) as well as Metaldyne's largest shareholder, Heartland Industrial Partners, L.P. (13.8%).

Metaldyne will operate as a subsidiary of Asahi Tec and keep its name. Timothy D. Leuliette continues as chairman and CEO of Metaldyne. He also serves as co-chairman of Asahi Tec with Shoichiro Irimajiri and becomes co-CEO with Akira Nakamura, who continues in his role as president of Asahi Tec.

About RHJ International:

RHJ International (EURONEXT: RHJI) is a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. It is a diversified holding company focused on creating long-term value for its shareholders by acquiring and operating businesses in attractive industries in Japan and elsewhere.

About Asahi Tec:

Headquartered in Shizuoka, Japan, Asahi Tec, primarily designs, manufactures and sells ductile iron cast auto parts for truck and construction machinery OEMs, aluminum casting parts for truck and passenger car OEMs and aluminum wheels for automobile OEMs. Asahi Tec also designs, manufactures and sells environmental systems, equipment and development technologies used by local governments and municipalities and electrical hardware and equipment used by electricity generators. The company employs more than 3,500 employees at facilities in Japan, Thailand, and China

About Metaldyne:

Metaldyne is a leading global designer and supplier of metal-based components, assemblies and modules for transportation related powertrain and chassis applications including engine, transmission/transfer case, wheel-end and suspension, axle and driveline, and noise and vibration control products to the motor vehicle industry. Headquartered in Plymouth, Mich., Metaldyne has annual revenues of approximately $1.9 billion. The company employs more than 6,500 employees at 38 facilities in 14 countries. For more information, please visit

For further information please contact:

Investor Relations Director:
Arnaud Denis
RHJ International
e-mail :

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