EnPro Industries, Inc. reaches an agreement to acquire the assets of Rubber Fab Gasket & Molding, Inc., a privately held company offering high performance sanitary gaskets, hoses and fittings for the hygienic process industries. Rubber Fab will become part of EnPro’s Garlock family of companies, a global supplier of high performance sealing and fluid handling products to the chemical, power generation and oil & gas markets. The cash transaction was expected to close on April 29, 2016. Terms were not disclosed.
Rubber Fab, headquartered in Sparta, NJ, is a supplier of critical process consumables for the pharmaceutical, bio-processing and food & beverage sectors with revenues of approximately $17 million, according to EnPro. The company brings approximately 40 employees.
For more information, visit: www.enproindustries.com