Full press release after the jump.
CENTRIC PARTS ANNOUNCES THE PURCHASE OF POWERSLOT HIGH PERFORMANCE BRAKE PRODUCTS
Tuesday, October 30, 2007 - Centric Parts, the leader in replacement brake and clutch parts for the automotive aftermarket, is pleased to announce the acquisition of Power Performance Group, Inc, which further expands Centric's growing portfolio of brake manufacturers. This announcement falls quickly on the heels of last year's purchase of StopTech, the leader in balanced brake upgrades. The merging of these organizations creates one of the most complete and diverse brake suppliers in the United States.
Power Performance Group, Inc. is the manufacturer behind the Power Slot brand of performance brake products. Founded in 1997 by Eric Breslow, Power Slot was the first performance brand to distribute a full line of direct fit replacement slotted brake discs. The company's wide range of applications, first-to-market product releases, excellent customer service, and complete marketing program has made Power Slot the call brand for performance rotors. In addition to Power Slot premium replacement rotors, the company also manufactures their Pro Series drilled and Pro Series dimpled and slotted brake rotors, as well as their patented Power Slot Plus affordable big brake kits: a caliper relocation kit which allows for a larger diameter rotor. Power Slot is also the west coast's largest shipping point for HAWK Performance brake pads. HYPERLINK "http://www.powerslot.com" www.powerslot.com
"In an industry defining move, the merging of these three distinctive premium brands into one brake powerhouse provides our customers with the ultimate one stop shopping solution, and gives Power Slot tremendous new resources and opportunities by reducing time to market, providing more efficient shipping capabilities, and leveraging immense global production capacities," said Power Slot CEO, Eric Breslow
"Centric Parts is very excited to now include Power Performance Group as a member of our team. We recognize that PPG has grown to become a market leader, offering world class products and service. This is in perfect alignment with our philosophies and culture.
"Together, PPG, StopTech and Centric Parts emerge as the clear market leader in performance brake components and systems. A multitude of opportunities lay before us; we look forward to the challenge!" said Centric Parts/StopTech president Dan Lelchuk.
StopTech is the performance engineering and manufacturing division of Centric Parts. StopTech is the leader in Balanced Brake Upgrades for production cars and an original equipment supplier to leading automobile manufacturers. StopTech has three patents in basic brake technology and one other pending. With a worldwide network of resellers, StopTech's product line includes Balanced Brake Upgrades for approximately 500 applications featuring StopTech's own six-, four- and two-piston calipers, two-piece AeroRotor Direct Replacement Kits, braided stainless steel brake lines and slotted or drilled SportStop original-dimension rotors. StopTech also stocks a wide range of performance brake pads. The company's website, HYPERLINK "http://www.stoptech.com" www.stoptech.com , is a clearinghouse of performance brake information and provides details on StopTech products.
Centric Parts offerings include remanufactured calipers and an expanded line of their own friction materials, featuring PosiQuiet premium Metallic, Ceramic and Extended Wear formulas. Other friction availability includes an OE product line, Axxis and C-TEK standard grade materials. The award-winning brake Brake System program includes drums, rotors and hydraulics, brake boosters and hardware. Their extensive clutch program is by LuK, supplemented with Centric Parts clutch hydraulics and cables. HYPERLINK "http://www.centricparts.com" www.centricparts.com