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The Former Wet Friction Business of Raytech Corporation, Friction Holdings LLC Announces Its New Name.

Publication: Business Wire
Publication Date: 07-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Daniel A. Gaston Appointed President and CEO

CRAWFORDSVILLE, Ind. -- Friction Holdings, LLC ("Friction Holdings") today announced that the former Wet Friction business of Raytech Corporation ("Raytech") has been rebranded as Friction Holdings. Such business of Raytech was acquired in February 2008 by an affiliate of Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.

Effective immediately, Daniel A. Gaston has been appointed...

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