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GDX Automotive Selects New Management Team Following Sale to Cerberus

GDX Automotive this week introduced a new global management team to lead the company following the sale of the business to Cerberus Capital Management, L.P., a New York-based investment firm. GDX Automotive, which was previously owned by GenCorp, Inc., is a global supplier of vehicle sealing and engineered components with manufacturing operations in North America, Europe and China. Morris Rowlett, has been named incoming GDX Automotive chairman and CEO. Rowlett comes to GDX with more than 20 years of experience in automotive and manufacturing turnaround management, having served as chairman and/or CEO of four automotive industry suppliers during the past nine years.

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FARMINGTON HILLS, MI — GDX Automotive this week introduced a new global management team to lead the company following the sale of the business to Cerberus Capital Management, L.P., a New York-based investment firm.

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GDX Automotive, which was previously owned by GenCorp, Inc., is a global supplier of vehicle sealing and engineered components with manufacturing operations in North America, Europe and China.

Morris Rowlett has been named incoming GDX Automotive chairman and CEO. Rowlett comes to GDX with more than 20 years of experience in automotive and manufacturing turnaround management, having served as chairman and/or CEO of four automotive industry suppliers during the past nine years. Previously, Rowlett was the president and CEO of Japanese automotive supplier Ryobi Die Casting, USA. He currently serves as chairman of the board of Guilford Mills, Inc., a position in which he will continue. Guilford Mills is one of the largest automotive manufacturers of body cloth and headliner fabric in the U.S. and Europe.

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Rowlett will be joined at GDX by Robert Eckert, executive vice president for administration and CFO, and Mark Krupp, executive vice president for global operations. Both Eckert and Krupp are currently executive vice presidents at Guilford Mills where they will continue as advisors in finance and operations. They have previously participated with Rowlett in management of automotive equity investments including Pilot Industries, a maker of fuel and brake line systems and Diversified Diemakers and Ganton Industries, manufacturers of aluminum, magnesium and zinc machined die castings.

GDX Automotive has also promoted Dave Prater to vice president for global engineering and Brent Fischmann to vice president for global sales and marketing.

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