TORONTO, Jan. 14, 2013 /PRNewswire/ – Exco Technologies Limited (TSX-XTC) today announced that it has completed the acquisition of BE & H
Extrusion Dies Inc. – an extrusion die manufacturer located in Wylie
Texas which services the south-central region of the United States. The
transaction was an asset purchase for cash consideration of
approximately $1.5 million. The acquisition, to be operated as Exco
Texas, secures for Exco an experienced workforce and a strong presence
in an important geographic market segment where proximity to customers
is key. The acquisition is expected to increase Exco’s extrusion
group sales by approximately 5% with the expectation of further growth
in that region as Exco develops the business over the coming years.
The operating results are expected to be accretive in the first year of
operation.

Exco currently services the North American extrusion tooling market from
a plant in Markham Ontario and a plant in Chesterfield Michigan. The
acquisition of Exco Texas, in addition to bolstering our presence in
the south-central region of the United States, will provide additional
and much needed capacity to the group in order to meet the resurgent
demand for extrusion dies as the US recovery continues to take root.

Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 11 strategic locations, we employ 2,213 people
and service a diverse and broad customer base.

This news release contains forward-looking information and
forward-looking statements within the meaning of applicable securities
laws. We use words such as “anticipate”, “plan”, “may”, “will”,
“should”, “expect”, “believe”, “estimate” and similar expressions to
identify forward-looking information and statements especially with
respect to completion dates, investment amounts and Exco Texas sales
levels and market penetration in the south-central region of the United
States for future years. Such forward-looking information and
statements are based on assumptions and analyses made by us in light of
our experience and our perception of historical trends, current
conditions and expected future developments, as well as other factors
we believe to be relevant and appropriate in the circumstances. Readers
are cautioned not to place undue reliance on forward-looking
information and statements, as there can be no assurance that the
assumptions, plans, intentions or expectations upon which such
statements are based will occur. Forward-looking information and
statements are subject to known and unknown risks, uncertainties,
assumptions and other factors which may cause actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed, implied or anticipated
by such information and statements. These risks, uncertainties and
assumptions are described in the Company’s Management’s Discussion and
Analysis included in our 2012 Annual Report, in our 2012 Annual
Information Form and, from time to time, in other reports and filings
made by the Company with securities regulatory authorities.

While the Company believes that the expectations expressed by such
forward-looking information and statements are reasonable, there can be
no assurance that such expectations and assumptions will prove to be
correct. In evaluating forward-looking information and statements,
readers should carefully consider the various factors which could cause
actual results or events to differ materially from those indicated in
the forward-looking information and statements. Readers are cautioned
that the foregoing list of important factors is not exhaustive.
Furthermore, the Company disclaims any obligations to update publicly
or otherwise revise any such factors or any of the forward-looking
information or statements contained herein to reflect subsequent
information, events or developments, changes in risk factors or
otherwise.

SOURCE Exco Technologies Limited