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February 13, 2003

Hilco Finance LLC Completes Purchase of Trim Trends Co.

Farmington Hills, MI - Hilco Finance LLC, an affiliate of Hilco Capital LP, has completed the purchase of the assets of Trim Trends Co., an indirect, wholly owned subsidiary of Harvard Industries, Inc. Trim Trends Co., Headquartered in Farmington, Hills, Michigan, is a tier I and II supplier of automobile and light truck component parts. It operates four manufacturing facilities located in Bryan, Ohio; Spencerville, Ohio; Deckerville, Michigan; and Dundalk, Ontario. The company employs over 570 people.

Trim Trends, founded in 1946, supplies decorative trim as well as performance metallic fabrications to the North American car and truck industry. Throughout its history, Trim Trends has been recognized for its innovative product designs and fabrication processes. It has won the prestigious Gold Award from Daimler-Chrysler a record six consecutive times, an award bestowed for exacting performance. It has also earned the Q-1 from Ford Motor Company, among many other quality awards. Trim Trends provides its customers with state of the art, metal fabrications utilizing their roll-forming, stamping, bending, and welding technology in the production of door intrusion beams, suspension link components, seat tracks, door frames, and other structural metallic fabrications, many from ultra high-strength steels, along with decorative trim parts, and transmission hubs. Among the assets purchased were numerous patents for product designs and manufacturing techniques for a variety of high volume current production vehicles.

Theodore L. Koenig, President and CEO of Hilco Capital LP said, "We have been familiar with Trim Trends for some time and we have been very impressed with the quality of the company's products and its management team. We are even more impressed with the significant support that the customers have shown Trim Trends in the past. Throughout this time period, Trim Trends has continuously operated effectively and earned new business. Recent new business contracts awarded to Trim Trends underscored Trim Trends' value-added position in the marketplace, which reinforced and solidified our decision to make the investment."

David L. Kuta will continue in his role as President, a position he has held for five years. Mr. Kuta added, "We are very excited and energized with the Hilco Finance acquisition of our company. Hilco brings significant financial resources to Trim Trends and a vision to take us to the next level. Adding Jim Gray to our team is evidence of the Hilco commitment to grow and expand our business. We intend to continue to be an important strategic partner to our customers and suppliers. Their faith and continued support will be remembered and rewarded."

Hilco Capital LP is an investment fund specializing in providing junior secured debt, tranche B debt, mezzanine financing and senior bridge financing throughout North America. Some of the largest banks and financial institutions in North America comprise the investor limited partners of Hilco Capital LP. Hilco Capital provides financing for a broad cross-section of manufacturers, distributors, retailers, importers and service providers.

To learn more about Trim Trends Co., visit:
To learn more about Hilco Capital, visit:


Ronald D. Baker
Marketing Communications Counsel, Inc
33316 Grand River Ave.
Farmington, MI 48336
248-615-6488 (FAX)

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