The facility currently supplies component blanks on a toll processing basis to the Mexican automotive industry. Sales at the facility are expected to be approximately $5.7 million for 2005. Noble plans to begin laser welding at the facility in the latter half of 2005 and has received preliminary commitments to supply laser-welded blanks for a future light truck program in Mexico. Subsequent to the transaction, Noble intends to sell a minority interest in this business by entering into a joint venture with an international steel processing company with operations in Mexico. The company anticipates that the joint venture will operate the Silao facility, with Noble retaining a majority interest in the venture. A definitive agreement with the joint venture partner is expected in early 2005. Christopher Morin, president and CEO of Noble, stated, "We are enthusiastic about our entry into the Mexican market and our prospects for future growth. Once we have reached an agreement with our prospective joint venture partner, we will be better able to project the expected contribution of the acquisition to Noble's financial results. "