Auto Service World
News   July 29, 2010   by Auto Service World

Mr. Gasket Parent Company Adds Quick Time to Stable


Prestolite Performance, a performance auto parts manufacturer of brands including Lakewood, Mr. Gasket, Hays, ACCEL, and Mallory has acquired the business of QuickTime, Inc., a manufacturer of lightweight bellhousings and racing accessories.
“With the combination of QuickTime and Lakewood, Prestolite Performance offers the broadest line of bellhousing applications ranging from traditional formed steel models to the latest in innovative and lightweight bellhousings for the hard core racer,” said Eric Scheinerman, CEO of Prestolite Performance. “QuickTime’s contributions will solidify our position as the industry leader and pioneer in the bellhousing market, as we continue to offer products and solutions not found elsewhere.”
Scheinerman continues, “Strategic acquisitions are an important part of our growth strategy. We are excited about the opportunity to bring QuickTime into the fold and deepen our commitment to the racing community.”
Ross McCombs, QuickTime’s current president and CEO, will join the Prestolite Performance team and be an integral part of driving new product innovation for all specialty products.
QuickTime’s manufacturing and research and development will continue to be based in its current headquarters of Oskaloosa, Iowa, while sales, service and administration will integrate and transfer to Prestolite Performance’s Cleveland headquarters by year’s end. “It is business as usual for our QuickTime customers,” said McCombs. “This will be a seamless transition in which our customers can rely on the same level of service that they have come to expect from us. I am also delighted that QuickTime customers will gain access to all of the Prestolite Performance high-performance brands.”

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