Dana Corporation Affiliate To Acquire Brazilian Sealing Products Manufacturer

Nov 26, 1996


    TOLEDO, Ohio, Nov. 26 /PRNewswire/ -- Dana Corporation's (NYSE: DCN)
Brazilian affiliate, Dana Industrias Ltda., has agreed to acquire the assets
of Industrias Orlando Stevaux Ltda., a Brazilian manufacturer of gaskets and
oil seals.  Terms of the transaction were not released.
    According to Chuck McNamara, president of Dana's Sealing Products Group,
the acquisition provides Dana with an opportunity to enter the Mercosur
sealing products marketplace, which includes Argentina, Brazil, Paraguay and
Uruguay.  McNamara said the move is consistent with Dana's global growth
strategy, which has seen it grow its core businesses -- axles, driveshafts,
structural components, sealing products and filters -- abroad.
    "Sealing Products are a core Dana business," McNamara said, "and this
acquisition will provide us with even greater capabilities for serving the
growing South American market."
    Added Dana South America President Cedomir Eterovic, "Stevaux has an
excellent reputation in Brazil.  Combining this company with Dana's other
sealing product operations will provide a great deal of synergy and
significant benefits for our customers."
    With a facility and 400 people located in Sao Paulo, Brazil, Stevaux
derives approximately 60 percent of its sales from the aftermarket, with
25 percent from original equipment manufacturers and 15 percent from exports.
    Dana Corporation is a global leader in the engineering, manufacture and
distribution of products and systems for the vehicular, industrial and mobile
off-highway markets.  It operates facilities in 29 countries with more than
45,000 people.  The company's 1995 sales were $7.6 billion. Dana also owns
Dana Credit Corporation, winner 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

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