4%, to $2.10)
Net income (loss) per share (diluted) $ 0. Olympia was founded nearly 30 years
ago as a manufacturer and distributor of hardware products and accessories.
Arthur Zakarian, founder of Olympia Group, said, "We are delighted to join
forces with Sun Capital Partners.

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4 million, or $0.
Olympia Group was founded nearly 30 years ago as a distributor of hardware
products and accessories. designs, imports, and distributes hand tools and lawn
and garden products for consumer and professional users. is a leading private investment firm focused on
leveraged buyouts and investments in market-leading companies that can benefit
from its in-house operating professionals and experience.

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Included in net income in the
first quarter of fiscal 2005 was a $6 .sec.gov

SIFCO Industries, Inc.10)
Weighted average number of
common shares (basic) 5,214 5,226
Weighted average number of
common shares (diluted ) 5,223 5,226

Business Segment Reporting

First Quarter
Ended December 31,
------------------------
2004 2003
------------------------
Net sales
Turbine Component Services and Repair $ 8,812 $ 11,724
Aerospace Component Manufacturing 7,413 6,456
Applied Surface Concepts 2,856 2,659
-------- --------
$ 19,081 $ 20,839
======== ========
Operating income (loss)
Turbine Component Services and Repair $ (1,846) $ (454)
Aerospace Component Manufacturing (214) 364
Applied Surface Concepts 19 228
Corporate unallocated expenses (301) (279)
-------- --------
$ (2,342) $ (141)
======== ========

Kopala, Jr.

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9 million, or 14.5 million
for the comparable 2004 period .

SIFCO Industries, Inc., a supplier of hand tools and equipment to large
retailers and distributors, and President and CEO of Transworld Products, a
developer and marketer of tools and automotive parts for domestic and global
manufacturers. designs, imports, and distributes hand tools and lawn
and garden products for consumer and professional users.

About Sun Capital Partners, Inc.0 billion.SunCapPart.

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Business Editors

CLEVELAND----SIFCO Industries , Inc. Walter Kopala, CEO of Olympia Group, said, "We believe that with the
financial and operational support provided by an affiliate of Sun Capital
Partners, Inc."
Chris Metz, Managing Director , Sun Capital Partners, Inc.
Olympia Group, Inc.

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The
products include forgings, machined forged parts and other machined
metal parts, remanufactured component parts for turbine engines, and
selective electrochemical finishing solutions and equipment.
Mr. We are
looking forward to working with Olympia's management team in its drive to
broaden its customer base, support vendor relations , and further strengthen
its administrative and logistical systems."

About Olympia Group , Inc. With
more than $2.com .

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sifco. Brands include Olympia, Village Blacksmith, Roughneck,
Thorsen , Babco, Chronium, Continental Abrasives, Work Gear, and Euro Cut.

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Sun Capital Partners is a leading private investment firm specializing in
identifying leveraged buyouts and investments in market-leading companies.

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Such forward-looking statements
are subject to risks, uncertainties and other factors , which could
cause actual results to differ materially from future results
expressed or implied by such forward-looking statements.

Olympia Group Hires New CEO Announces Its Acquisition By an Affiliate of Sun Capital Partners

About Sun Capital Partners, Inc. is a leading private investment firm focused on
identifying leveraged buyouts and investments in market-leading companies that
can benefit from its in house operating professionals and experience.
Brands include Olympia, Village Blacksmith, Roughneck, Thorsen, Babco,
Chronium, Continental Abrasives, Work Gear, and Euro Cut.

With more than
$2.

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In the first quarter of fiscal 2005, Turbine Component Services
and Repair Group net sales decreased by $2., Olympia Group, Inc.

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4% in the first quarter of fiscal 2005 to
$19. Applied Surface Concepts (formerly
named Metal Finishing) Group net sales increased $0. Headquartered in
City of Industry, California and with offices in six countries worldwide,
Olympia's products include hammers, pliers, screwdrivers, knives, tape
measures, saws, long and short gardening tools , aprons, aluminum storage
cases, and gloves.5 billion of capital under management and with offices in Boca
Raton, Los Angeles, New York, and London, affiliates of Sun Capital Partners,
Inc.SunCapPart . BOCA RATON, Fla.

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45 per diluted share,
compared with a net loss of $0.7 million in the comparable
2004 period.0 billion.com .

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Net income for the first
quarter of fiscal 2005 was $2.
Net sales decreased 8.9 million, or 24.45 $ (0.45 $ (0. Our staff of in-
house operators consists of senior professionals experienced in strengthening
merchandising programs and manufacturing and distribution operations. ("Olympia")
from Olympia's founder, Arthur Zakarian.

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8 million for the same period a year
ago. and has hired a new chief executive officer to lead its management team. have acquired more than 90 companies throughout the world with
consolidated sales in excess of $20.

Today, it offers over 7,000 products marketed under nine distinct brands."

About Olympia Group, Inc.

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The
processes and services include forging, heat-treating, coating,
welding , machining and selective electrochemical finishing. CITY OF INDUSTRY, Calif.

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Potential
risks and uncertainties include, but are not limited to, economic
conditions, competition and other uncertainties detailed from time to
time in the Company's Securities and Exchange Commission filings.com, or on the
Securities and Exchange Commission's website: www. The
Company's operations are conducted in three business segments: (1)
Turbine Component Services and Repair Group, (2) Aerospace Component
Manufacturing Group, and (3) Applied Surface Concepts Group. has extensive experience in identifying initiatives to
support the growth of small and middle market companies., Sun Capital Partners, Inc .

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10 per diluted share
for the comparable fiscal 2004 period.9 million, compared with $2.
Sun Capital Partners, Inc. Headquartered in City
of Industry, California and with offices in six countries worldwide, Olympia's
products include hammers, pliers, screwdrivers, knives, tap measures, saws,
long and short gardening tools, aprons, aluminum storage cases, and gloves.

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8%, to
$8.

Forward-Looking Language

Certain statements contained in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, such as statements relating
to financial results and plans for future business development
activities, and are thus prospective.
First Quarter Ended December 31, 2004
(Amounts in thousands, except per share data)

Consolidated Condensed Statements of Operations
First Quarter
Ended December 31,
------------------------
2004 2003
------------------------
Net sales $ 19,081 $ 20,839
Cost of goods sold 18,401 18,052
Selling, general and
administrative expenses 3,022 2,928
-------- --------
Operating loss (2,342) (141)
Interest expense, net 194 192
Foreign currency exchange loss, net 301 184
Other income, net (6,510) (14)
-------- --------
Income (loss) before income
tax provision 3,673 (503)
Income tax provision 1,315 7
-------- --------
Net income (loss) $ 2,358 $ (510)
======== ========

Net income (loss) per share (basic) $ 0. said, "Sun
Capital Partners, Inc., please visit http://www.
We are pleased that one of our affiliates has acquired this business and are
anxious to build upon the Company's broad customer base, supportive vendors,
and strong brands. For more information about Sun Capital Partners,
please visit http://www.

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1 million compared with $20.8 million, compared with $11.8%, to $7.2 million, or
7 .
("Olympia"), a distributor of hand tools and lawn and garden products, today
announced that it has been acquired by an affiliate of Sun Capital Partners,
Inc. Walter W. has joined Olympia Group as its President and
Chief Executive Officer, having served in executive management roles in
consumer products companies, most recently as Vice President and General
Manager with Alltrade, Inc. With 7,000 products marketed under nine distinct
brands and manufactured in global facilities, products are manufactured to
exacting specifications using superior quality metals such as hardened and
tempered chrome vanadium.
Sun Capital Partners, Inc.

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For more information about Sun
Capital Partners , Inc."
M.5 billion of capital under management and with offices in Boca Raton, Los
Angeles , New York, and London, affiliates of Sun Capital Partners have
acquired more than 90 companies throughout the world with consolidated sales
in excess of $20.

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SIFCO Industries Inc. Announces Fiscal 2005 First Quarter Financial Results

5 million, or $0.7 million in the comparable 2004
period., Olympia will be well positioned for future growth through the
provision of innovative and well-designed products and outstanding customer
service. Steven Liff, Managing Director, Sun Capital Partners, said, "Olympia
has an extensive history and strong brand recognition in the tools business.

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(AMEX:SIF) today announced financial results for its fiscal 2005 first
quarter, which ended December 31, 2004.2 million gain on the sale of a
building and land.
The Company's Form 10-Q for the quarter ended December 31, 2004
can be accessed through its website: www. Mr.
Mr., a
leading private investment firm specializing in leveraged buyouts and
investments in market-leading companies, today announced that one of its
affiliates has acquired a majority interest in Olympia Group, Inc. We believe that this acquisition will
position Olympia for future growth by allowing it to continue to provide
innovative products, outstanding customer service, and strengthened market
position.
Olympia Group, Inc .

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Aerospace Component Manufacturing Group net sales increased by
$0. is engaged in the production and sale of a
variety of metalworking processes, services and products produced
primarily to the specific design requirements of its customers. Kopala brings over 20 years experience in the hand tool
and consumer products industry to Olympia Group, with special expertise in
marketing and branding and international and domestic quality control
procedures.

Affiliate of Sun Capital Partners Inc . Acquires Olympia Group Inc. A Distributer of Hand Tools and Lawn and Garden Products

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4 million , compared with $6. Olympia's tools are recognized as the "best value"
tool for consumers and industrial users alike.