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10/30/2017

STEMCO Acquires Brake Manufacturer, Commercial Vehicle Components

LONGVIEW, Texas (Oct. 30, 2017)— STEMCO, an EnPro Industries company (NYSE: NPO) and leading manufacturer of heavy-duty components and solutions for commercial vehicles, has announced the purchase of Commercial Vehicle Components Co., Ltd. (CVC), a manufacturer of air disc brake and medium-duty hydraulic disc brake pads.

The purchase of CVC affords STEMCO a premium portfolio of disc brake pads designed to exceed OE performance in air disc and medium-duty hydraulic applications. The business will become part of the brake products group of STEMCO, and CVC products will be marketed as Lunar™ and Lunar™ HP air disc brakes.

“STEMCO’s commercial vehicle market focus, superior product technology and outstanding reputation for training and customer support make this purchase a complement to the STEMCO business strategy,” said STEMCO President Todd Anderson. “This purchase presents the perfect opportunity for us to expand into the medium-duty marketplace, an area of growth for STEMCO where our value propositions will provide a strong benefit to medium-duty truck fleets and operators.”

“With the recent opening of STEMCO’s Friction Factory in Rome, Ga., the purchase of CVC further positions STEMCO as the premier compounder in brake block and disc pad offerings," said Doug Hix, vice president and general manager of STEMCO Brake Products Group. “I’m extremely excited to welcome CVC to the team in an effort to continue engineering premier products built for severe-duty applications that ultimately make our roadways safer.”

Lunar air disc brake pads feature a mechanical retention system for excellent shear strength and highly efficient heat dissipation. Both Lunar and Lunar HP brake pads also feature an integrally molded V-groove to further dissipate heat, help evacuate gas, reduce surface tension, fade and premature wear. Lunar HP brake pads are a premium option for extreme heavy-duty braking, often involving frequent starts and stops, heavy loads and steep grades. The new Lunar and Lunar HP brake pads will build off the successful performance history of their predecessors.

About STEMCO
With offices and manufacturing facilities in Texas, Georgia, Michigan, Kentucky, Tennessee, Ohio, Canada, Australia, China and Mexico, STEMCO is a leader in the technology and manufacture of commercial vehicle wheel end, braking and suspension components, as well as innovative tire and mileage solutions. STEMCO is an EnPro Industries, Inc. (NYSE: NPO) company. EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information visit www.stemco.com.

About Commercial Vehicle Components, Co., Ltd.
Commercial Vehicle Components Co., Ltd. (CVC) manufacturers brake pads for the heavy duty and light commercial vehicle aftermarket that meet and exceed original equipment performance. CVC operates a state-of-the-art manufacturing plant in Shanghai, China. “The Power Behind Performance” is the heart and soul of what CVC delivers for its customers, and what sets the company apart from our competitors. Our products deliver extremely dependable performance, and so do we. Our difference is the ability to be flexible and responsive to our customers’ needs. For more information, visit www.4performaxx.com.

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