Company:Enpro Industries
 Enpro Logo | |
| Type | Public |
|---|---|
| NYSE: NPO S&P 600 Component | |
| Industry | Industrial Technology |
| Predecessor | Goodrich Corporation Coltec Industries |
| Founded | 2002 |
| Headquarters | Charlotte, North Carolina, United States |
Area served | Worldwide |
Key people | Eric Vaillancourt (Interim President and Chief Executive Officer)[1] |
Number of employees | 4400 |
| Website | www |
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide.[2] It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials.
History
On May 31, 2002, Goodrich Corporation (which later became part of UTC Aerospace Systems, which in turn was then folded into the Collins Aerospace subsidiary of Raytheon Technologies) spun off its Engineered Industrial Products business segment into a new company, named Enpro Industries, Incorporated. The spinoff consisted of businesses that were originally owned by Coltec Industries, which had been purchased by Goodrich in 1998.[3] The businesses included in the spinoff were: Garlock Sealing Technologies, GGB, STEMCO, Fairbanks Morse Engine (which was sold in Q4-2019) and Quincy Compressor[4][5] (which was sold to Atlas Copco in 2010).[6] Asbestos liability was limited by complicate tax manipulation, Joseph Andolino was one of the architects.
Since the formation of Enpro, the company has acquired a number of companies that are focused on engineered industrial products.
Acquisitions
| Company or Asset Acquired | Headquarters | Date | EnPro Business Unit | Products | Ref. |
|---|---|---|---|---|---|
| Pikotek Inc. | Lakewood, Colorado, United States | 2003 | Garlock Family of Companies (GPT) | Very Critical Service(VCS) Flange Insulation Gasket (application for high pressure, highly corrosive environments) | [7] |
| Compressor Products International | Stafford, Texas, United States | 2007 | Compressor Products International | Compressor components and lubrication systems | [8] |
| Technetics Corp | Columbia, South Carolina, United States | 2009 | Technetics Group | Metallic seals, metal bellows, plastomer and polytetrafluoroethylene (PTFE) seals and components, elastomeric seals | [9] |
| Hydrodyne | Burbank, California, United States | 2010 | Technetics Group | Metallic seals and components for nuclear and aerospace applications | [10] |
| Premier Lubrication Systems | Houston, Texas, United States | 2010 | Compressor Products International | Components, technical products and service for reciprocating compressors | [11] |
| Progressive Equipment | Houston, Texas, United States | 2010 | Compressor Products International | Components, technical products and service for reciprocating compressors | [11] |
| CC Technology | Midland, Texas, United States | 2010 | Compressor Products International | Lubrication systems and components for reciprocating compressors | [11] |
| Tara Technologies | Daytona Beach, Florida, United States | 2011 | Technetics Group | Engineered products for the semiconductor, aerospace, energy and medical industries | [12] |
| Rome Tool and Die | Rome, Georgia, United States | 2011 | STEMCO | Steel brake shoes | [13] |
| Pipeline Seal and Insulator (PSI) | Houston, Texas, United States | 2011 | Garlock family of companies (GPT) | Pipeline sealing products | [14] |
| Motorwheel Commercial Vehicle Systems | Livonia, Michigan, United States | 2012 | STEMCO | Braking system hubs, drums and rotors | [15] |
| Fabrico, Inc | Oxford, Massachusetts, United States | 2014 | Technetics Group | Land-based Turbines | [16] |
| Rubber Fab Gasket & Molding, Inc | Sparta, New Jersey, United States | 2016 | Garlock Family of Companies (GHT) | Sanitary Gaskets and High-Purity Hose Assemblies | [17] |
| Qualiseal Technology | Harwood Heights, Illinois, United States | 2017 | Techetics Group | Sealing Products segment | [18] |
| The Aseptic Group (comprising Aseptic Process Equipment SAS and Aseptic Services SARL) | Limonest, France | 2019 | Garlock Family of Companies (GHT) | Single-use components and tubing assemblies for the biopharmaceutical market | [19] |
| LeanTeq Co., Ltd | Taoyuan City, Taiwan | 2019 | Technetics Group | Sealing Products segment | [20] |
Business units
EnPro Industries’ businesses are organized into the following operating units:
CPI
Compressor Products International (CPI) designs, manufactures and markets components for large reciprocating compressors used in chemical plants, refineries and natural gas processing and transportation facilities.[21]
Garlock
The Garlock family of companies comprises three businesses: Garlock Sealing Technologies, GPT, and Garlock Hygienic Technologies, which includes Rubber Fab and The Aseptic Group. Garlock serves a diverse range of industries including pharmaceutical, food and beverage, pulp and paper, metals and mining, marine, water / waste water, chemical processing, oil and gas, and power generation markets.[21]
GGB
GGB is the Tribological Solution Provider for Industrial Progress, regardless of Shape or Material, serving the industrial, automotive, aerospace, renewable energy, and dozens of other industries.[21]
STEMCO
STEMCO manufactures and supplies components to the heavy-duty truck and trailer markets in North America.[21]
Technetics Group
Technetics Group provides engineered components, seals, assemblies and sub-systems for applications in the semiconductor, aerospace, power generation, medical, oil and gas, and other industries.[21]
References
- ↑ "Enpro Announces Leadership Transition". https://www.enproindustries.com/for-investors/press-releases/press-release-details/2021/Enpro-Announces-Leadership-Transition.
- ↑ "Investor Relations - Corporate Profile". EnPro Industries. http://phx.corporate-ir.net/phoenix.zhtml?c=131738&p=irol-homeProfile&t=&id=&.
- ↑ "B.F. Goodrich buys Coltec". CNN Money. https://money.cnn.com/1998/11/23/deals/coltec/.
- ↑ "EnPro Industries, Inc., Form 10-K, Annual Report, Filing Date February 27, 2013". secdatabase.com. http://edgar.secdatabase.com/2223/119312513080164/filing-main.htm.
- ↑ "Goodrich Readying June 1 Spinoff of Bearing Division". eBearing News. http://www.ebearing.com/news2002/052301.htm.
- ↑ "EnPro completes sale of Quincy Compressor". Charlotte Business News. http://www.bizjournals.com/charlotte/stories/2010/03/01/daily10.html.
- ↑ "EnPro buys Colorado manufacturer". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2003/09/29/daily40.html.
- ↑ "EnPro Buys Compressor Products International". Modern Distribution Management. http://www.mdm.com/EnPro-Buys-Compressor-Products-International/PARAMS/article/4304.
- ↑ "EnPro Industries acquires Technetics". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2010/01/04/daily9.html.
- ↑ "EnPro Industries buys Hydrodyne". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2010/09/20/daily24.html.
- ↑ 11.0 11.1 11.2 "EnPro Acquires Manufacturers of Lubrication Systems for Compressors". Machinery Lubrication. http://www.machinerylubrication.com/Read/25860/EnPro-acquires-manufacturers-lubrication.
- ↑ "EnPro Industries acquires Tara Technologies". Yahoo! Finance. https://finance.yahoo.com/news/EnPro-Industries-acquires-theflyonthewall-1796186381.html.
- ↑ "EnPro Industries Acquires Rome Tool and die". American Machinist. http://americanmachinist.com/beyond-cutting-zone/enpro-industries-acquires-rome-tool-and-die.
- ↑ "EnPro Industries acquires Pipeline Seal and Insulator". Industrial Supply. http://www.industrialsupplymag.com/pages/News-013111-EnPro-Industries-acquires-Pipeline-Seal-and-Insulator.php.
- ↑ "EnPro Industries Acquires Motorwheel Commercial Vehicle Systems". Reuters. https://www.reuters.com/article/2012/04/16/idUS214549+16-Apr-2012+BW20120416.
- ↑ "EnPro Industries Announces Acquisition of Fabrico, Inc.". Business Wire. https://finance.yahoo.com/news/enpro-industries-announces-acquisition-fabrico-123000178.html.
- ↑ "EnPro Industries Announces Acquisition Of Rubber Fab Gasket & Molding, Inc.". Business Wire. https://www.businesswire.com/news/home/20160425005426/en/EnPro-Industries-Announces-Agreement-Acquire-Rubber-Fab.
- ↑ "EnPro Industries Announces Acquisition of Qualiseal". Business Wire. June 2017. https://www.businesswire.com/news/home/20170601005164/en/EnPro-Industries-Announces-Acquisition-Qualiseal.
- ↑ "EnPro Industries Announces Acquisition of The Aseptic Group.". Business Wire. July 2, 2019. https://www.businesswire.com/news/home/20190702005665/en/EnPro-Industries-Announces-Acquisition-Aseptic-Group.
- ↑ "EnPro Industries to Acquire LeanTeq Co., Ltd.". Business Wire. July 22, 2019. https://www.businesswire.com/news/home/20190722005223/en/EnPro-Industries-Acquire-LeanTeq-Ltd..
- ↑ 21.0 21.1 21.2 21.3 21.4 "EnPro Industries Inc.". Reuters. https://www.reuters.com/finance/stocks/companyProfile?symbol=NPO.
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