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ORHAN HOLDING COMPLETED PURCHASE OF DANA CORPORATION'S NORTH AMERICAN FLUID PRODUCTS, HOSE AND TUBING OPERATIONS


PRESS RELEASE
BURSA-TURKEY
August 13, 2007



 

Orhan Holding completed the purchase of Dana Corporation's North American Fluid Products, Hose and Tubing Operations on August 10, 2007.

Previously, Orhan Holding had completed the purchase of Dana Corporation's European Fluid Products Hose and Tubing operations in July 2007.
The assets purchased in North America include:

- A facility in Archbold, Ohio.
- Enginering and Sales Center in Rochester Hills, Michigan.
- A facility in Paris, Tennessee.
- A facility in San Luis Potosi, Mexico.

About Orhan Holding

Headquartered in Bursa, Turkey, Orhan Holding has activities in automotive, textile, construction, tourism, air conditioning and insurance sectors. Including the recent acquisitions Orhan Holding has 6,000 employees in 24 plants accross 8 countries reaching 600 million€ annual sales.
For more information, please visit http://www.orhanholding.com


Contact information:
pr@orhanholding.com
Tel: +90 224 280 4900
Fax: +90 224 267 1444