MexiMotor Acquires the Interest of PROFormance Powertrain in Automotive Remanufacturers de Mexico

    SPRINGFIELD, MO, June 18, 2009 /24-7PressRelease/ -- PROFormance Technologies, LLC announced today that Administradora de Autopartes Remanufacturadas, S.A. de C.V., (Trade Name MexiMotor), has acquired their interest in Automotive Remanufacturers de Mexico, S. de R.L. de C.V., an established automotive parts remanufacturer located in Aguascalientes, Mexico. The acquired interest that PROFormance held was previously a business segment of Recon Automotive Remanufacturers and was part of a sale of Recon's assets to PROFormance. The acquisition of interest by MexiMotor fulfills PROFormance's strategic initiative to focus on the growing US market for aftermarket automobile parts.

"PROFormance continues to grow its remanufactured engine business in the United States. By exiting the Automotive Remanufactures de Mexico S. de R.L. de C.V., PROFormance can accomplish two goals. The first, to successfully transact the business interest to our partners in Mexico who have been fundamental in the operation of the business; and two, to allow our in-house team to continue to focus on our ever expanding business in the United States" says Clint Georg, President and CEO of PROFormance.

"We are very proud to be acquiring PROFormance's interest in the operation. Working with PROFormance helped us improve our quality and efficiencies, and we will now focus more on the local market and expanding our presence throughout Mexico and Latin America" says Adalberto Ortega, President of MexiMotor.

The financial terms of the transaction were not released.

About PROFormance Technologies LLC - PROFormance Technologies is a leading remanufacturer of OE quality engines and veteran Tier 1 supplier to the OEMs. The company offers an extensive product line produced from its ISO 9001:2000 certified facility and provides more than 40,000 engine applications from 1965-2009. National distribution is facilitated through multiple, strategically located, distribution facilities across the country providing more a average of 97% fill rate and delivery within 48 hours. For more information go to www.goppt.com.

About Automotive Remanufacturers de Mexico, S. de R.L. de C.V. - Since 1974, the Ortega Family has been producing high quality remanufactured automotive products. Its main facility is located in Aguascalientes, Mexico, an area named by Inc. Magazine as a New Global Hot Spot for Business (October 2007) and by the World Bank as No. 1 in the Country for ease of doing business. The facility maintains ISO operational and environmental standards, employs TQM and Lean Manufacturing production principles and has a proven track record of building exceptional quality products. The company operates under the trade name MexiMotor. For more information go to www.MexiMotor.com.

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