It all started in 1989. Ronald Weinberg, a venture capitalist who had relocated in Cleveland, and his business partner, Attorney Byron Krantz, decided to plunge into the world of manufacturing. Krantz recommended that they partner up with Norman Harbert, an industry expert who wanted to buy a company in Ohio but lacked the funds for it. They met up and all three of them hit it off immediately.
From Friction to Hawk Performance
The three of them decided to purchase Friction Products, a company that made a lot of different equipment that included brake pads and discs for airlines and motorcycles. They decided to change its name to Hawk, an acronym that based on the first letters of their surnames. It slowly grew into a group after they acquired two other companies during the 1990s.
Going public and Hawk Performance Products group today
In 1998, the company went public and they expanded tremendously. They encountered a lot of problems but they also acquired several companies and brands in the process.
Today, Hawk Performance is a part of the Carlisle Brake and Friction group of brands. This group spans several industries including mining, construction, and automotives.