Tower Automotive Selects Ice Industries for Manufacturing Support

TOLEDO, Ohio, June 21, 2006 – Ice Industries, a leading metal stamping and assembly company, today announced it was selected by automotive supplier Tower Automotive to provide manufacturing support.

Under the terms of the agreement, Ice will manufacture parts for at least the next three years for Tower Automotive, based in Novi, Mich. The contract calls for Ice to produce stampings and welded assemblies.

“Ice is pleased with the opportunity to build a new relationship with Tower Automotive, a leading supplier in the automotive industry,” said Howard Ice, Chairman and CEO of Ice Industries. “We look forward to providing Tower with the products and services that are essential to its success.”

Tower Automotive supplies numerous vehicle parts to nearly every major automotive manufacturer in the world. Ice Industries will conduct the work for Tower Automotive at its Mississippi location.

The Ice Mississippi plant, located in Grenada, is a 400,000 square-foot manufacturing facility with capabilities that include metal stamping, roll forming, manual and robotic welding, buffing and assembly. The Grenada facility was selected based on its proximity to Tower Automotive plants in Madison, Miss., and Smyrna, Tenn.

About Ice Industries

Ice Industries is a metal stamping and assembly company based in Sylvania, Ohio. The company has three facilities: Acklin Stamping in Toledo; Deerfield Manufacturing in Mason, Ohio; and Grenada Stamping & Assembly in Grenada, Miss. The company works with leaders in the automotive, appliance and heat transfer/HVACR industries. For more information, please visit http://www.iceindustries.com.

About Tower Automotive

Tower Automotive, Inc. is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. Additional company information is available at www.towerautomotive.com.