Acquisitions in Arkansas in 2015
Showing 1 transactions.
-
January 22, 2015
- Buyer
- GRT Rubber Technologies L.L.C., Main Street Capital Corp., Garlock Rubber management team (including David Brown)
- Target
- Garlock Rubber Technologies
- Seller
- EnPro Industries Inc.
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Type
- Divestiture
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.
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