US-based EnPro has completed the US$44 million sale of its GRT rubber manufacturing unit to GRT Rubber Technologies, a newly formed business funded by an investor group led by Main Street Capital Corp. EnPro will make Fabrico part of its Technetics Group, which manufactures products for the aerospace, semiconductor, power generation and oil and gas markets. It was acquired from Fabrico Holding Company LLC, held by Prudential Capital Partners III LP, in a cash transaction. The GRT sale involves divesting a small unit that has a single manufacturing facility in Paragould, AR. It makes conveyor belts and sheet rubber for many markets. Main Street Capital is a principal investment company, and GRT’s management team will continue to manage the business under the new ownership.
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