Dana Is Leading Independent Supplier To Global Off-Highway Manufacturers With Acquisition Of Clark-Hurth's Worldwide Operations

    TOLEDO, Ohio, Feb. 14 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today
acquired the global assets of Clark-Hurth Components, a worldwide manufacturer
of off-highway vehicle and equipment components, from Ingersoll-Rand Company.
    The announcement marks Dana's second major acquisition in the past week --
following its purchase of SPX Corporation's Sealed Power Division units -- and
represents the single largest transaction in the company's 93-year history.
Specific terms of the agreement were not released.
    "This acquisition makes Dana the world's leading supplier of off-highway
drivetrain components," said Dana Chairman Southwood J. Morcott.  "And with
60 percent of Clark-Hurth's sales coming outside North America, we're not just
expanding our product offering, we're expanding our global presence."
    Clark-Hurth's five manufacturing operations in Belgium, Italy and the
United States had combined 1996 sales of more than $350 million.  Its
principal products include axles and brakes, and powershift transmissions for
the original equipment and replacement markets.  These components are
primarily used in construction, material handling, mining and forestry
equipment.
    According to Dana Group President Nick Cole, the acquisition expands the
company's technological leadership in off-highway applications.
    "Clark-Hurth brings to Dana complementary products and technologies that
give us a truly diverse product range," Cole said.  "This gives Dana the
ability to offer modular systems to off-highway equipment manufacturers
worldwide.
    "The acquisition solidifies existing relationships and brings literally
hundreds of new relationships with established off-highway customers, helping
Dana grow new business around the globe," he added.
    Dana Corporation is a global leader in the engineering, manufacture and
distribution of products and systems for the vehicular, industrial and
off-highway markets.  Its core businesses are axles, driveshafts, structural
components (frames), sealing products, filtration products, engine products,
industrial products and leasing.  Founded in 1904 and based in Toledo, Ohio,
Dana operates facilities in 29 countries with more than 46,000 people.  Its
1996 sales were $7.7 billion.  Dana has more than 40 product research and
development centers worldwide.  Dana owns Dana Credit Corporation, whose
Commercial Credit lease financing operation was a recipient  of the 1996
Malcolm Baldrige National Quality Award.  The internet address for Dana's home
page is: http://www.dana.com.

SOURCE  Dana Corporation

CONTACT: Gary Corrigan, Director-Corporate Communications, of Dana
Corporation, 419-535-4813