GRT Rubber (Investor Group Led by Main Street Capital) Acquires Garlock Rubber Technologies from EnPro
January 22, 2015
GRT Rubber Technologies L.L.C., a newly formed company funded by an investor group led by Main Street Capital Corp. and including members of Garlock Rubber's management, purchased Garlock Rubber Technologies from EnPro Industries Inc. for about $44 million. The Paragould, Arkansas-based rubber products maker (80–90 employees) will continue operations under management with new capital intended to support organic growth and potential future acquisitions.
- Buyers
- GRT Rubber Technologies L.L.C., Main Street Capital Corp., Garlock Rubber management team (including David Brown)
- Targets
- Garlock Rubber Technologies
- Sellers
- EnPro Industries Inc.
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Transaction Type
- Divestiture
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.