Stemco and their parent company, EnPro Industries, announce the sale of the company’s Rome brake business to MAT Holdings Inc.
According to a press release:
The business at 113 Hemlock St. produces brake shoes as well as new brake kits and lined shoes for medium and heavy-duty truck and bus applications.
“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, said in the release
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.
“We are thrilled with the opportunity to grow our presence in the commercial vehicle braking segment,” said Craig Gordon, MAT president. “We believe the acquisition of the Rome manufacturing facility provides a great complement to our existing product offering in our heavy-duty portfolio.”