EnPro Industries To Buy Assets Of Rubber Fab Gasket & Molding

(RTTNews) - EnPro Industries Inc. (NPO) said that it has reached an agreement to acquire the assets of Rubber Fab Gasket & Molding, Inc., a privately-held company offering a full range of high performance sanitary gaskets, hoses and fittings for the hygienic process industries. Terms were not disclosed.

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 business will be acquired from Rubber Fab in a cash transaction. The transaction is expected to close on April 29, 2016.

Rubber Fab, headquartered in Sparta, NJ, is a recognized supplier of critical process consumables for the pharmaceutical, bio-processing and food & beverage sectors with revenues of approximately $17 million. The addition of Rubber Fab expands Garlock's presence and scale in the hygienic market space and complements Garlock's existing sealing solutions to provide a truly comprehensive portfolio.