UCI Granted Approval of Key Motions in First Step of Plan to Restructure Debt

LAKE FOREST, Ill.–(BUSINESS WIRE)–Today, UCI Holdings Limited and its subsidiary UCI International, LLC
(“UCI” or the “Company”) announced that the United States Bankruptcy
Court for the District of Delaware has approved all of the first-day
motions submitted by the Company on June 2, 2016. The rulings enable UCI
and its subsidiaries, which include Airtex Products, L.P., ASC
Industries, Inc., and Champion Laboratories, Inc., to continue
operations in the normal course including paying vendors for all
post-petition goods and services, continuing all customer programs, and
maintaining payroll and employee health benefits, and other programs
that are essential to continuing businesses without disruption.

“The motions approved today give UCI the ability to utilize our ample
liquidity to fund operations going forward as we continue to negotiate a
consensual restructuring with our key constituents,” said Keith Zar,
UCI’s general counsel. “We are committed to providing high quality water
pump, fuel pump, and filtration products to our customers, be a great
place to work for our employees, and be a strong partner to our vendors
just as we’ve always done.”

For more information on the filing visit http://cases.gcginc.com/uci/
or call (855) 907-3238. The company will provide updates regarding the
restructuring process as new information becomes available.

Contacts

UCI Holdings Limited
Keith Zar, (812) 305-7589