EnPro Industries Buys Fabrico, Sells GRT Business Unit

(RTTNews) - EnPro Industries Inc. (NPO) said Monday that it has bought Fabrico, Inc., a privately-held company offering highly engineered products and solutions to the land-based turbine industry.

The business was acquired from Fabrico Holding Company LLC, a portfolio company of Prudential Capital Partners III, L.P., in a cash deal. Terms were not disclosed.

Fabrico will become part of EnPro's Technetics Group, a supplier of high performance sealing and other products to the aerospace, semiconductor, power generation and oil and gas markets.

Fabrico, headquartered in Oxford, MA, with additional facilities in Charlton, MA, and Greenville, SC, is a supplier of mission-critical components for the combustion and hot path sections of industrial gas and steam turbines, with about 165 employees.

Separately, EnPro said that it has completed the sale of its GRT business unit to GRT Rubber Technologies, LLC, a newly formed business funded by an investor group led by Main Street Capital Corp., for $44 million in cash.

GRT, with a single manufacturing facility in Paragould, AR, manufactures and sells conveyor belts and sheet rubber for many applications across a diversified array of end markets. GRT's management team will continue to manage the business under the new ownership.