STEMCO and parent company EnPro Industries announce the sale of the company’s Rome, Georgia brake business to MAT HD, LLC. (MAT), a subsidiary of MAT Holdings, Inc. The business produces high quality brake shoes as well as new brake kits and lined shoes for medium and heavy duty truck and bus applications. The business will become part of the brake products group of MAT, a global manufacturer and distributor of products in the automotive, hardware and power equipment sectors. MAT is headquartered in Long Grove, Illinois and operates globally over three continents with 15,000 employees.
“After considering our strategic options, we decided the sale of the Rome business serves the interests of all our key stakeholders: customers, employees and our parent company. We are very excited about the opportunity to transition this facility to MAT, an accomplished global manufacturer,” said Eric Vaillancourt, STEMCO president.
“We are thrilled with the opportunity to grow our presence in the commercial vehicle braking segment,” said Craig Gordon, MAT HD president. “We believe the acquisition of the Rome manufacturing facility provides a great complement to our existing product offering in our heavy duty portfolio.”
About STEMCO/EnPro Industries
With offices and manufacturing facilities in Texas, Michigan, Kentucky, Tennessee, Ohio, Canada, Australia, China and Mexico, STEMCO is a leader in the technology and manufacture of commercial vehicle wheel end, braking and suspension components, as well as innovative tire & mileage solutions. STEMCO is an EnPro Industries, Inc. (NYSE: NPO) company. EnPro is a leader in the manufacture of sealing technologies and engineered products for use in critical applications by industries worldwide. For more information, visit the STEMCO website at www.stemco.com.
About MAT Holdings Inc.
MAT Holdings, Inc. is a privately held company, founded in 1984, that has quickly grown as a respected global manufacturer, distributor and marketer of products in the automotive, fencing, hardware, and power equipment sectors. Headquartered in Long Grove, Illinois it has operations on three continents, including 2.1 million square feet of U.S. distribution and manufacturing space, and provides its customers with a full range of services including U.S. and overseas engineering, quality assurance, logistical and distribution support, strategic warehousing, bi-lingual sourcing, product development and marketing. For more information regarding MAT Holdings, Inc. and its family of companies go to www.matholdingsinc.com.
