
Company Website:
http://www.enproindustries.com
CHARLOTTE, N.C. -- (Business Wire)
EnPro Industries, Inc. (NYSE: NPO) announced today the closing of
transactions that provide for product line and geographic expansion in
the company’s Sealing Products segment.
EnPro’s Stemco LP subsidiary has acquired the remaining interest of the
Stemco Crewson LLC joint venture from Tramec, LLC. The joint venture was
formed in 2009 to expand Stemco’s brake products offering to include
automatic brake adjusters. The purchase of the remaining interest in the
joint venture will allow Stemco to accelerate investment in new product
development and commercial strategies focused on market share growth for
these products.
In a separate transaction, Garlock Taiwan Corporation, a member of the
Garlock family of companies, has acquired the assets of Strong-Tight Co.
Ltd., a maker and seller of gaskets and industrial sealing products. The
acquisition adds an established Asian marketing presence and
manufacturing facilities from which the Garlock family of companies can
serve the fast-growing Asia market.
“These are small but important transactions that support our growth
strategy,” said Steve Macadam, president and chief executive officer of
EnPro, “Stemco Crewson enables Stemco to continue to grow in an
attractive segment of its heavy-duty truck market. Strong-Tight provides
Garlock an important toehold to increase the brand’s presence in Asia.
We look forward to their benefits”
Terms of the transactions were not disclosed.
About EnPro Industries
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 about EnPro, visit the company’s website at http://www.enproindustries.com.

Contacts:
EnPro Industries
Don Washington, Director, Investor
Relations and
Corporate Communications, 704-731-1527
don.washington@enproindustries.com
Source: EnPro Industries Inc.
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