ASSET PURCHASE AGREEMENT



                                   dated as of



                                   May 9, 2003



                                  by and among



                               TRIMAS CORPORATION,



                              METALDYNE CORPORATION



                                       and



                              METALDYNE COMPANY LLC











{PAGE}



                                TABLE OF CONTENTS



                                                                           Page







                                   ARTICLE I.



                                   DEFINITIONS



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{CAPTION}

{S}                    {C}                                                                              {C}

SECTION 1.1.           Definitions........................................................................1



                                   ARTICLE II.



                           SALE AND PURCHASE OF ASSETS



SECTION 2.1.           Sale and Purchase..................................................................7

SECTION 2.2.           Allocation of Purchase Price......................................................10

SECTION 2.3.           Payment of Sales, Use and Other Taxes.............................................10

SECTION 2.4.           Treatment of Restricted Stock Awards Held by Transferred Employees................10



                                  ARTICLE III.



                                     CLOSING



SECTION 3.1.           Time and Place....................................................................11

SECTION 3.2.           Deliveries at Closing.............................................................11

SECTION 3.3.           Adjustment to Purchase Price......................................................12



                                   ARTICLE IV.



                    REPRESENTATIONS AND WARRANTIES OF SELLERS



SECTION 4.1.           Corporate Existence and Power.....................................................13

SECTION 4.2.           Corporate Authorization...........................................................13

SECTION 4.3.           Governmental Authorization........................................................14

SECTION 4.4.           Non-Contravention.................................................................14

SECTION 4.5.           Absence of Certain Changes........................................................14

SECTION 4.6.           Compliance with Laws and Court Orders.............................................15

SECTION 4.7.           Litigation........................................................................15

SECTION 4.8.           Finders' Fee......................................................................15

SECTION 4.9.           Employee Benefit Plans............................................................15

SECTION 4.10.          Financial Statements..............................................................16

SECTION 4.11.          No Liabilities....................................................................16

SECTION 4.12.          Title to Assets...................................................................16

SECTION 4.13.          Disclaimer of Other Representations and Warranties................................16

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                                      -i-



{PAGE}



{TABLE}

{CAPTION}

                                   ARTICLE V.



                     REPRESENTATIONS AND WARRANTIES OF BUYER

{S}                  {C}                                                                              {C}

SECTION 5.1.           Corporate Existence and Power.....................................................17

SECTION 5.2.           Corporate Authorization...........................................................17

SECTION 5.3.           Governmental Authorization........................................................17

SECTION 5.4.           Non-Contravention.................................................................17

SECTION 5.5.           Finders' Fees.....................................................................18



                                   ARTICLE VI.



                            COVENANTS OF THE SELLERS



SECTION 6.1.           Conduct of the Acquired Business..................................................18

SECTION 6.2.           Access to Information.............................................................19

SECTION 6.3.           Reports...........................................................................19

SECTION 6.4.           Consultation with Buyer...........................................................19



                                  ARTICLE VII.



                         COVENANTS OF BUYER AND SELLERS



SECTION 7.1.           Commercially Reasonable Efforts...................................................19

SECTION 7.2.           Certain Filings...................................................................20

SECTION 7.3.           Public Announcements..............................................................20

SECTION 7.4.           Notices of Certain Events.........................................................20

SECTION 7.5.           Confidentiality...................................................................21

SECTION 7.6.           Plans.............................................................................21

SECTION 7.7.           Information; Cooperation..........................................................26

SECTION 7.8.           Further Assurances................................................................26



                                  ARTICLE VIII.



                     CONDITIONS TO OBLIGATIONS OF EACH PARTY



SECTION 8.2.           Conditions to the Obligations of Buyer............................................27

SECTION 8.3.           Conditions to the Obligations of Sellers..........................................27



                                   ARTICLE IX.



                            OBLIGATIONS AFTER CLOSING



SECTION 9.1.           Indemnification...................................................................28

{/TABLE}





                                      -ii-



{PAGE}



{TABLE}

{CAPTION}

{S}                  {C}                                                                              {C}

SECTION 9.2.           Procedures........................................................................29

SECTION 9.3.           Limitations on Indemnification....................................................29



                                   ARTICLE X.



                                   TERMINATION



SECTION 10.1.          Termination.......................................................................30

SECTION 10.2.          Effect of Termination.............................................................30



                                   ARTICLE XI.

                                  MISCELLANEOUS



SECTION 11.1.          Notices...........................................................................31

SECTION 11.2.          Survival of Representations and Warranties........................................31

SECTION 11.3.          Amendments; No Waivers............................................................31

SECTION 11.4.          Expenses..........................................................................32

SECTION 11.5.          Successors and Assigns............................................................32

SECTION 11.6.          Governing Law.....................................................................32

SECTION 11.7.          WAIVER OF JURY TRIAL..............................................................32

SECTION 11.8.          Counterparts; Effectiveness.......................................................32

SECTION 11.9.          Entire Agreement..................................................................32

SECTION 11.10.         Captions..........................................................................32

SECTION 11.11.         Severability......................................................................32

{/TABLE}







                                     -iii-



{PAGE}







EXHIBITS



Exhibit A.........Form of Fittings Facility Sublease

Exhibit B.........Form of Trademark Assignment

Exhibit C.........Form of Bill of Sale

Exhibit D.........Form of Acknowledgment of Assumption of Liabilities

Exhibit E.........Form of Assignment and Assumption Agreement







SCHEDULES



Schedule 1.1(a)...- Assumed Contracts

Schedule 1.1(b)...- Knowledge of Officers

Schedule 2.1(a)...- Intellectual Property

Schedule 2.1(c)...- Assumed Liabilities

Schedule 3.3(b)...- Form of Preliminary Statement

Schedule 4.4......         - Non-Contravention

Schedule 7.6(a)...- Transferred Employees

Schedule 7.6(c)...- Sellers' Savings Plans





                                      -iv-







{PAGE}







                            ASSET PURCHASE AGREEMENT



         ASSET PURCHASE AGREEMENT dated as of May 9, 2003 by and among TriMas

Corporation, a Delaware corporation ("BUYER"), Metaldyne Corporation

("METALDYNE"), a Delaware corporation and Metaldyne Company LLC, a Delaware

limited liability company ("METALDYNE LLC" and together with Metaldyne, the

"SELLERS").



                              W I T N E S S E T H:



         WHEREAS, Sellers currently own a line of business principally relating

to designing, developing and manufacturing specialty tube nuts, fittings,

spacers and hollow extruded components conducted at that certain plant located

at 12955 Inkster Road, Livonia, Michigan, 48150 (the "FITTINGS FACILITY"), and

more particularly described in the Fittings Facility Sublease (the "ACQUIRED

BUSINESS;" provided, that the term Acquired Business shall not include any

business conducted at such location prior to the date hereof, including without

limitation, the Peerless business which was closed in September, 2000);



         WHEREAS, Sellers desire to sell to Buyer and Buyer desires to purchase

from Sellers the Purchased Assets (as defined below) and assume from Sellers the

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