FOR IMMEDIATE RELEASE
Special Devices, Incorporated Completes Divestiture of Scot, Incorporated
Subsidiary
MOORPARK, Calif., September 22, 2000 - Special Devices, Incorporated (SDI), a
leading designer and manufacturer of highly reliable, precision-engineered
pyrotechnic devices for the aerospace and automotive industries, completed the
previously announced divestiture of its wholly-owned subsidiary, Scot,
Incorporated, to an investor group. Scot, located in Downers Grove, IL,
manufactures mission critical and other pyrotechnic devices for the aerospace
and defense industries. The transaction closed yesterday.
First Union Securities Corporation advised SDI in the transaction. Houlihan
Lokey Howard & Zukin advised SDI's Board of Directors.
Special Devices, Incorporated is a privately held corporation whose principal
shareholders are affiliates of J.F. Lehman & Company. For more information
regarding SDI, contact 805-553-1200.
