01/18/2002 – LONDON, Ontario

TDS Logistics Inc. announced today that the acquisition of Mackie Automotive Systems (MAS) is complete.

TDS is a premium supplier of specialized and high complexity material logistics services to the global automotive industry. MAS is a privately held company, based in Oshawa, Ontario, that provides materials integration services to the automotive industry. MAS coined the term Tier Zero™ to describe a new link in the automotive supply chain, allowing Tier 1's and OEM's to focus on their core competencies.

The combined company will operate as TDS automotive, with global headquarters in London, Ontario and will employ approximately 4,000 people in 36 locations worldwide. Annually TDS automotive handles automotive components valued at 10 billion USD (11 billion EURO) and has forecasted revenue of 220 million USD (250 million EURO).

Core Competencies that TDS automotive has developed in order to put intelligence into logistics:

• Sub Assembly
• Sequencing
• Export Packing and Deconsolidation
• Supply Chain Management
• After Sales Part Distribution
• Packaging Engineering and Design

“This acquisition expands our presence in North America, making TDS automotive a global leader in materials logistics for the automotive industry. We have increased our capabilities in the sequencing arena by welcoming the new employees to our existing staff of talented and highly trained people,” said TDS automotive President and CEO, Jos Opdeweegh.

TDS automotive also participates in a minority joint venture in the USA. Outside the core markets North America and Europe TDS automotive is active in South America and South East Asia.

“Our team is excited about the growth opportunities for TDS automotive. By combining the strengths of these two companies our customers will benefit greatly through enhanced service levels and unique logistics solutions,” said TDS automotive Vice Chairman, Herb Stone. TDS automotive also announced the new executive management team, comprised of key leaders from both organizations:

• Brian Duncan, Chairman
• Jos Opdeweegh, President and CEO
• Herbert Stone, Vice Chairman
• Frank Wellens, Executive Vice President Group Staff & Quality
• Michael Neumann, Executive Vice President Business Development
• Grant Barker, Executive Vice President Corporate & Legal Affairs
• Horst Klingspor, Executive Vice President TDS & Managing Director TDS Europe
• Ken Wilson, Executive Vice President Human Resources
• Neil Briggs, Chief Financial Officer
• Eric Windeler, Executive Vice President of North American Operations
• Mark Wright, President & C.E.O. TDS/US