The acquisition is subject to regulatory approval in China and is expected to take 4 to 6 weeks to complete.
“Consistent with our strategy to shift the EnPro portfolio to markets and products to which we can add the most value for our customers, the sale of STEMCO’s business in Rome, Georgia, will sharpen our focus on business units in which we are better positioned for value creation,” said Marvin Riley, president and CEO.
Vaillancourt (pictured) succeeds former company president Todd Anderson.
This newest version of the signature TrailerTail deploys automatically when the trailer reaches 35 mph.
Palmer had served in several roles at STEMCO since joining the company in 1987, most recently holding the position of segment business leader for wheel end products.
Stuhr will be responsible for aftermarket sales in the United States, Canada, Mexico, South and Central America and the Caribbean, including a sales team of seven regional managers and 50 district sales managers.
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.
Previously only available as a three-year package, both three- and five-year warranties extend Platinum Performance System wheel end coverage with unlimited mileage for tractors and trailers.
STEMCO offered the scholarship to any local high school senior who exhibited leadership and engineering design capabilities. Applicants were required to build a hydraulic robot made out of readily available items like Popsicle sticks, plastic syringes and foam board.
STEMCO’s Friction Factory is designed to manufacture brake shoes and friction components for medium- and heavy-duty truck and bus applications.
Purchase of the site was first approved in October 2015 and groundbreaking took place in November 2015. The full build schedule took eight months to complete, which included moving, installation and recalibration of all the test equipment.
The company has promoted Jim Reis to the position of vice president of strategy and Doug Hix to the position of vice president and general manager for STEMCO’s Brake Products Group.