Raybestos Powertrain Sees Progress in 2009

CRAWFORDSVILLE, Ind.--Raybestos Powertrain, a leading national manufacturer and supplier of premium OE and aftermarket transmission parts, has reported significant progress in the first six months of 2009 despite one of the most difficult automotive industry environments in recent years. This year, the company has increased capacity, upgraded its technical center facilities in Crawfordsville, Indiana, and developed a stronger foothold in the aftermarket and OE marketplace.

“We are pleased by the progress made since the beginning of the year,” said Raybestos Powertrain CEO Daniel Gaston. “Our company is stable and growing, and has not had an unprofitable quarter since 1990. This year, we have maintained that performance, strengthening our customer relationships and fulfilling all of our service agreements.”

Raybestos Powertrain continues to invest heavily in research and development, developing innovative product solutions for a range of standard, heavy duty and high performance automotive applications. The integration of Friction Holdings in June 2009 and manufacturing of the clutch and brake plates and adhesive products formerly produced by the company, has complemented the existing Raybestos Powertrain product line and expanded its market presence.

“Our new additions and the enduring popularity of products like our Z Pak™ clutch system will keep Raybestos Powertrain the industry leader it has always been,” said Raybestos Powertrain President John Butz. “We will continue to respond to our customers’ needs and industry trends alike by expanding our product offerings and materials technologies while pursuing potential acquisitions and growing organically. Now perhaps more than ever, we are upbeat about the road ahead.”

About Raybestos Powertrain

Raybestos Powertrain, LLC is one of the largest distributors of transmission–related friction products in the world, supplying the next generation of original equipment quality aftermarket products for automotive and heavy-duty use. Raybestos Powertrain is also a major supplier of performance friction products for the racing industry, as well as a distributor of products developed by OEM manufacturers.