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Mirus advises Troy Mills, Inc. on the sale of its Headliner Division to Cosmopolitan Textile Company, of Winsford, England

Troy-Cosmopolitan

Boston, MA, July 3, 2002 – Mirus has assisted Troy Mills, Inc., based in Troy, New Hampshire with the sale of the Company’s headliner product line, which serves major customers and OEMs in the automotive industry. Cosmopolitan Textile Company, of Winsford, England acquired the operations and signed a lease to continue the operations in the Troy, New Hampshire facility.

Mirus was retained in late November to assist Troy Mills, Inc. with finding buyers for the Company’s businesses in West Virginia and New Hampshire.

“Along with the sale of Troy’s other manufacturing operations in West Virginia and New Hampshire, this transaction completes our engagement and allows Troy Mills to pay down its debt and continue operations” said Jamie Grant a Partner with Mirus who was close to the transaction.

About the Mirus Special Situations Group

Mirus provides investment banking solutions to corporate clients in distress, including divestitures, restructurings, and bankruptcy sales. Since 1987, Mirus has provided corporate finance advisory services to clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. For additional information, visit www.merger.com.

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