Thule Acquires United Welding Services Inc. (UWS), an Industry Leading Manufacturer of Welded Aluminum Tool Boxes and Accessories

Thule Inc., the world leader in sports utility transportation, announces that they have entered into an agreement to purchase United Welding Services and UWS Inc. (collectively known as UWS) for an undisclosed amount with a closing date of September 10, 2007.
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SEYMOUR, Conn. -- Thule Inc., the world leader in sports utility transportation, announces that they have entered into an agreement to purchase United Welding Services and UWS Inc. (collectively known as UWS) for an undisclosed amount with a closing date of September 10, 2007. UWS is an industry leading manufacturer of branded aluminum truck tool boxes, step bars and accessories in the United States. The acquisition will increase Thule's product offering and distribution in the professional tradesman segment.

"The pending acquisition of UWS will complement our successful line of professional truck racks and accessories," commented Fred Clark, Thule Inc. President. "UWS shares our passion for manufacturing world-class products in the United States while providing great value to our consumers."

"We are excited to join the Thule family and we look forward to the opportunities this will provide to our employees and dealers," remarked Jimmy Giddens, President of UWS. "Thule's products are internationally respected for their quality and innovation and we are proud to be a part of that."

"I would like to personally thank all our employees and dealers for the years of dedication and support," added Kenny Jones, CEO of UWS. "I am confident that Thule will continue to provide you with the same level of service that you expect from UWS."

Thule and UWS will feature their full line of professional products at the upcoming SEMA Show in Las Vegas, Nevada October 30 -- November 2, 2007.

About Thule Inc.
Thule Inc. is a wholly owned subsidiary within the Thule Group. It is the leading US manufacturer of car rack products, with production sites in Seymour, Connecticut and Chicago, Illinois. Thule's product line features multi-purpose roof racks, roof top boxes, rear mount racks, and accessories for outdoor equipment including bikes, skis, snowboards, kayaks, canoes, and surfboards. For more information about Thule or Thule Professional visit http://www.thule.com/ or http://www.thulepro.com/ .

About United Welding Services, Inc (UVS)

UWS is a privately held corporation based in Perry, Florida. The company is an industry leading manufacturer of welded aluminum tool boxes, draw slides, step bars and transfer tanks. UWS manufactures all products at its three company owned factories in Florida, Georgia and Texas. For more information visit http://www.uwsta.com/ .




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