McHENRY, Ill. – Brake Parts Inc. (BPI) has announced it is now officially under new ownership. Following the spin-off of the business to shareholders in November 2012 by parent company Affinia Group, BPI announced today it has been acquired by a group of investors led by Torque Capital Group, a New York-based private equity firm. 
“Now that the deal has been completed, the BPI team along with our strategic partners are eager to move forward,” said President and CEO David Overbeeke. “Brake Parts Inc. has a strong heritage of leading the category in product quality and innovation, first-to-market applications and superior customer service.”
Joseph Parzick, managing partner of Torque Capital Group, added, “Torque and our investors were particularly attracted to BPI’s strong management team and its leading market position in the North American brake parts aftermarket. We are excited by the prospect of leveraging the Raybestos brand of brake products to drive international sales growth, particularly in Asia.”
BPI recently completed a comprehensive restructuring of its global manufacturing footprint in best-cost countries investing in new world-class, state-of-the-art operations, incorporating lean manufacturing principles for optimum quality consistency and maximum productivity and efficiency. Equally important in the BPI global strategy is a strong commitment and dedication to research, development and testing to ensure entire offering of friction, drums and rotors, calipers and hydraulic products meet or exceed original equipment fit, form and function specifications and performance requirements, the company noted.
“We are in one of the most dynamic categories in the global automotive aftermarket,” said Overbeeke. “We are dedicated to continuous improvement in everything we do, each and every day in order to meet the demands of our highly valued customers.”
