BIZ: Merger & Acquisitions/Restructure: EnPro Industries agrees terms for sale of Stemco Air Springs business to Turnspire Capital Partners

摘要

USA - EnPro Industries Inc of Charlotte, North Carolina has entered into a definitive agreement to sell its Stemco Air Springs business unit, comprising Goodyear-licensed air springs, as well as Super Cushion and Spring Ride-branded air springs, to an affiliate of private equity firm, New York, USA-based Turnspire Capital Partners. The agreement provides for the sale of the Air Springs business for USD32m in cash and a long-term promissory note with a face value of USD7.5m.