Stemco announces sale of brake business

Sept. 26, 2019
The brake business, located in Rome, Georgia, has been sold to MAT HD, LLC, a subsidiary of MAT Holdings, Inc.

Stemco and parent company EnPro Industries announced the sale of the company’s Rome, Georgia, brake business to MAT HD, LLC (MAT), a subsidiary of MAT Holdings, Inc. The business produces 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, president, Stemco.

“We are thrilled with the opportunity to grow our presence in the commercial vehicle braking segment," said Craig Gordon, president, MAT HD. "We believe the acquisition of the Rome manufacturing facility provides a great complement to our existing product offering in our heavy duty portfolio."

Sponsored Recommendations

Are you aware of the hidden costs lurking behind ignored maintenance? This eBook reveals how neglecting upkeep can inate repair bills, induce downtime, and harm reliability. ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...
Quality body repairs on medium- and heavy-duty trucks depend on the use of specialized adhesives, sealers, and other allied materials. Unfortunately, many shops face challenges...