Rochester Hills, MI, July 25, 2006 - PPI Holdings, Inc., a First Atlantic Capital, Ltd.
portfolio company and leading designer and manufacturer of high-precision metal components
and subassemblies, today announced that it has acquired the assets of A.M.S.E.A., Inc,
A.M.S.E.A., LLC and R.S.D. Technologies, LLC, ("AMSEA"), a supplier of fineblanking
components and assemblies. Terms of the transaction were not disclosed. Scott Dinger,
formerly President of AMSEA, will join PPI as General Manager of the Tennessee operations.

The acquisition of AMSEA is PPI’s first since being acquired by First Atlantic in
September 2005. Established in 1990, AMSEA has manufacturing facilities in Greeneville, TN,
and provides products and services to a variety of industries, including automotive, heavy truck,
industrial, medical and consumer goods.

Michael T. Bryant, President and Chief Executive Officer of PPI, said, "The acquisition
of AMSEA furthers our objective of becoming the leading player in the highly fragmented
precision metalforming industry. The addition of AMSEA will enable us to expand our
customer base and diversify our product line, while providing the Company with additional
cross-selling opportunities."

Roberto Buaron, Chairman and Chief Executive Officer of First Atlantic Capital, said,
"We believe AMSEA represents an excellent strategic fit with PPI’s business. The addition of
AMSEA provides PPI with access to new markets and an expanded product line, further
strengthening the Company’s growth prospects."

Kirkland & Ellis LLP served as legal advisor to First Atlantic Capital and PPI. GE
Antares Capital provided syndicated financing for the transaction.

About PPI

Headquartered in Rochester Hills, Michigan, PPI specializes in complex, metal forming
process technologies and offers customers three key applications; fineblanking, precision
stamping and precision gearing. The company’s products are marketed to customers in the
automotive, aviation, construction, medical device and industrial sectors. The company has
1,300 employees and nine manufacturing facilities in North America. An affiliate of First
Atlantic Capital, a New York-based private investment firm, is the majority owner of PPI. For
additional information, please visit www.precisionparts.com