June 1, 1998

Acco Plastics Limited, a leading Tier II automotive injection molder located in Markham, Ontario, Canada has been acquired by Key Plastics of Novi, Michigan, USA.

Acco Plastics operates two plants that serve a variety of automakers, molding precision thermoplastic parts including components for door systems, instrument panel bezels, body moldings, fuel filter parts and window system components. Together, the plants have 41,000 square feet, and the company employs about 120.

The acquisition of Acco Plastics, represents Key Plastic's entree into Canada as part of their worldwide Tier 2 consolidation strategy. Key and Acco complement each other in customer base and product offerings, the acquisition will enable Key to enhance its service to Canadian customers.

Aberdeen Gould originated the transaction and provided exclusive advisory services to the shareholders of Acco Plastics Limited.

Aberdeen Gould is an advisory firm that specializes in corporate finance, M & A and valuations for manufacturing companies. It provides a full suite of value-added services for owners and managers of private as well as public companies. Based in Toronto, and with a presence in Quebec, the firm conducts business across North America through established client relationships.