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PRESS RELEASE

StopTech Announces Acquisition by Centric Parts

 
   

For: Immediate Release     Date: March 24, 2006    Contact: Dan Barnes

March 24, 2006—Torrance, California USA – StopTech LLC announces its acquisition by Centric Parts, effective March 20, 2006. As the performance engineering and manufacturing division of Centric Parts, StopTech will continue its mission to be the leader in brake systems for street performance and track day cars. StopTech co-founder and former Engineering Manager Steve Ruiz has taken the position of StopTech General Manager.

Dan Lelchuk, President of Centric Parts, commented, “Cutting edge engineering, technology, performance and racing success make StopTech a strategic addition to Centric Parts, consolidating our focus and commitment to leadership in braking systems.”

Founded in 1999, StopTech’s focus on quality, technology and superior engineering has quickly made it the leader in Balanced Brake System upgrades for street performance and track day cars. StopTech is also a dominant force in professional road racing in production-based U.S. series, using the same components it sells for street use.

StopTech has had a long-standing functional partnership with Centric Parts, including mutual exchange of technical information and operations. Centric Parts is the leading supplier in the U.S. of aftermarket replacement components for brake and clutch systems, including hydraulics, friction, drums and rotors, calipers, clutch sets and flywheels. Centric Parts’ catalogs and technical guides set the standard in the industry. The company has 300,000 square feet of distribution, manufacturing and research and development facilities, plus distribution centers in Seattle, Denver, Dallas, Chicago, Boston and Miami. Centric Parts’ focus on efficient delivery of quality products with near-perfect fill rates has fueled phenomenal growth, the company reaching nearly $100 million per year in sales in just five years. More information may be found at www.centricparts.com.

StopTech expects accelerated growth through increased stock on hand, better availability of product, shorter delivery lead times, more investment resources and expansion of its worldwide network of resellers.

StopTech Products

StopTech’s opposed-piston, two-, four-, six- and eight-piston calipers offer the best performance available for street applications. StopTech’s product line includes Balanced Brake Upgrades for approximately 450 applications, two-piece Direct Replacement Kit Aerorotors, braided stainless-steel brake lines and slotted and drilled original-dimension rotors. StopTech has three patents in basic brake technology and one other pending. The company’s website, www.stoptech.com, is a clearinghouse of performance brake information, as well as providing details on StopTech products.

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For more information contact Dan Barnes at (310) 325-4799 or by email at dbarnes@stoptech.com.

  
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