Héroux-Devtek comments on unusual heavy trading volume



    LONGUEUIL, QC, March 21 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX), a
leading Canadian manufacturer of aerospace and industrial products, today
commented on rumours involving a change of control of the Company as well as
recent heavy trading volumes in the company's shares. At this time
Héroux-Devtek is neither in negotiations with any party about a possible
transaction, nor has any party made a formal approach to Management about a
possible sale of the Company, nor is the company engaged in any formal or
informal process in respect of its sale.
    Héroux-Devtek added that as part of its routine business development
activities, from time to time, it does engage in discussions with other
industry players on a variety of subjects. Héroux-Devtek further stated that
it is in advanced negotiations with certain customers for new business. Such
negotiations have not yet been finalized and the Company cannot provide any
assurance that these will lead to any definitive agreements. Should these
negotiations be finalized and contracts signed, Héroux-Devtek will issue a
press release as the circumstances warrant.

    The Company is unaware of any other material events which could affect
the price and trading volume of its common shares.

    Profile

    Héroux-Devtek (TSX: HRX), a Canadian company, serves two main market
segments: Aerospace and Industrial Products, specializing in the design,
development, manufacture and repair of related systems and components.
Héroux-Devtek supplies both the commercial and military sectors of the
Aerospace segment with landing gear systems (including spare parts, repair and
overhaul services) and airframe structural components. The company also
supplies the industrial segment with large components for power generation
equipment and precision components for other industrial applications. Over 70%
of the Company's sales are outside Canada, mainly in the United States. The
Company's head office is located in Longueuil, Québec with facilities in the
Greater Montreal area (Longueuil, Dorval, Laval and Rivière-des-Prairies);
Kitchener and Scarborough, Ontario; Arlington, Texas and Cincinnati, Ohio.

    Forward-Looking Statements

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of
future events. Such factors may include, without excluding other
considerations, fluctuations in quarterly results, evolution in customer
demand for the Company's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from expected
results.




For further information:

For further information: Héroux-Devtek Inc.: Gilles Labbé, President and
Chief Executive Officer, (450) 679-3330; MaisonBrison: Frédéric Beausoleil,
(514) 731-0000

Organization Profile

Héroux-Devtek Inc.

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MaisonBrison Communications

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