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KELSEY-HAYES BECOMES VARITYKELSEY HAYES

LIVONIA, Mich., March 11 /PRNewswire/ -- Kelsey-Hayes, a unit of Varity Corporation (NYSE: VAT), today announced that its name has changed to VarityKelsey-Hayes to more closely link it to the parent company and enhance global growth opportunities.

Varity's other businesses are adopting similar names as part of a unified corporate identification system. Those businesses are: VarityPerkins, VarityDayton Walther and VarityZecal.

Products manufactured by VarityKelsey-Hayes will retain the Kelsey- Hayes brand name and logo. Legal names will not changes.

"Varity's new unified identification system will help raise awareness of the corporation's true scope, strength and potential while maintaining the recognized identity of the Kelsey-Hayes brand," said Dominique Chauvin, Group Chief Executive of VarityKelsey-Hayes Group.

"Our unified corporate identification system will provide a catalyst for us to create synergies, enhance cross-selling opportunities and exchange best practices among all of Varity's businesses," Chauvin said.

VarityKelsey-Hayes is the worldwide automotive industry's leading manufacturer of rear-wheel and four-wheel ABS, having produced more than 33 million units through 1995. It also produces more than 25 million conventional brake systems components annually, and had 1995 sales of $1.2 billion.

Varity Corporation is a global industrial company with assets of about $2 billion and 1995 sales of $2.4 billion whose other businesses include VarityPerkins, which supplies diesel engines to more than 600 equipment manufacturers throughout the world; VarityDayton Walther, a leading manufacturer of wheel and brake components for medium and heavy duty trucks; and VarityZecal, a technology-based company that has developed a patented process for bonding copper to ceramics in electronic circuitry. Varity also holds a 46-percent interest in Hayes Wheels International, Inc. (NYSE: HAY), the world's largest manufacturer of aluminum and steel wheels.
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/CONTACT: Patrick Fitzgerald of VarityKelsey-Hayes, 313-513-4879; or Kristin Bihary of Varity, 716-888-8064/

(VAT)

CO: VarityKelsey-Hayes; Varity Corporation ST: Michigan IN: AUT SU:

TW -- DEM013 -- 0594 03/11/96 08:27 EST
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Publication:PR Newswire
Date:Mar 11, 1996
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