Park-Ohio Acquires Amcast Industrial's Automotive Components Group CLEVELAND, Aug. 23 /PRNewswire-FirstCall/ -- Park-Ohio Holdings Corp. (NASDAQ:PKOH), a leading provider of supply chain logistics services and a manufacturer of aluminum products and other highly engineered products, today announced it has acquired substantially all of the assets of the Automotive Components Group of Amcast Industrial Corporation (OTC:AICO) (BULLETIN BOARD: AICO) . The acquisition of the Automotive Components Group includes business operations in Ohio, Indiana, and Wisconsin with annualized revenues in excess of $65 million and represents a strategic addition to Park-Ohio's General Aluminum business. Edward F. Crawford, Chairman and CEO stated "The Amcast Automotive Components acquisition will greatly enhance our General Aluminum business with new customers, new products, and outstanding employees. The acquisition also provides our business with additional capacity to meet the increasing desire of OEMs to use aluminum parts to reduce the weight of their products in automobiles, trucks, and off-road vehicles. We expect the acquisition to be moderately accretive to earnings beginning in the fourth quarter of 2004 and have a more significant impact in 2005. We maintain our previously released EPS estimates of $1.80-$2.00 for the year 2004." Park-Ohio is a leading provider of supply chain logistics services and a manufacturer of highly engineered products for industrial original equipment manufacturers. Headquartered in Cleveland, Ohio, the Company operates 21 manufacturing sites and 32 supply chain logistics facilities. This news release contains forward-looking statements regarding the Company's plans and financial performance that are subject to certain risks, uncertainties and assumptions, including, without limitation, the financial impact of the acquisition of the Amcast Automotive Components Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the key factors that could cause actual results to differ materially from expectations are the cyclical nature of the vehicular industry, timing of cost reductions, labor availability and stability, changes in economic and industry conditions, adverse impacts to the Company, its suppliers and customers from acts of terrorism or hostilities, the uncertainties of environmental, litigation or corporate contingencies, changes in regulatory requirements, and the ability of the Company to successfully integrate the operations and identify and implement cost savings regarding the Amcast Automotive Components Group. These and other risks and assumptions are described in the Company's reports that are available from the United States Securities and Exchange Commission. The Company assumes no obligation to update the information in this release. DATASOURCE: Park-Ohio Holdings Corp. CONTACT: Edward F. Crawford of Park-Ohio Holdings Corp., +1-216-692-7200 Web site: http://www.pkoh.com/

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