Company:EnPro Industries

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Short description: American industrial technology company
Enpro Industries, Inc.
TypePublic
NYSE: NPO
S&P 600 Component
IndustryIndustrial Technology
PredecessorGoodrich Corporation
Coltec Industries
Founded2002
HeadquartersCharlotte, North Carolina, United States
Area served
Worldwide
Key people
Eric Vaillancourt (Interim President and Chief Executive Officer)[1]
Number of employees
4400
Websitewww.enproindustries.com

Enpro is a leading, US based Industrial technology company that designs and manufactures materials science enabled products for technology intensive sectors. The company serves industries such as semiconductor, 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 (now UTC Aerospace Systems) spun off its Engineered Industrial Products business segment into a new company, named Enpro Industries, Inc. 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

Sortable table
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

  1. ↑ "Enpro Announces Leadership Transition". https://www.enproindustries.com/for-investors/press-releases/press-release-details/2021/Enpro-Announces-Leadership-Transition. 
  2. ↑ "Investor Relations - Corporate Profile". EnPro Industries. http://phx.corporate-ir.net/phoenix.zhtml?c=131738&p=irol-homeProfile&t=&id=&. 
  3. ↑ "B.F. Goodrich buys Coltec". CNN Money. https://money.cnn.com/1998/11/23/deals/coltec/. 
  4. ↑ "EnPro Industries, Inc., Form 10-K, Annual Report, Filing Date February 27, 2013". secdatabase.com. http://edgar.secdatabase.com/2223/119312513080164/filing-main.htm. 
  5. ↑ "Goodrich Readying June 1 Spinoff of Bearing Division". eBearing News. http://www.ebearing.com/news2002/052301.htm. 
  6. ↑ "EnPro completes sale of Quincy Compressor". Charlotte Business News. http://www.bizjournals.com/charlotte/stories/2010/03/01/daily10.html. 
  7. ↑ "EnPro buys Colorado manufacturer". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2003/09/29/daily40.html. 
  8. ↑ "EnPro Buys Compressor Products International". Modern Distribution Management. http://www.mdm.com/EnPro-Buys-Compressor-Products-International/PARAMS/article/4304. 
  9. ↑ "EnPro Industries acquires Technetics". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2010/01/04/daily9.html. 
  10. ↑ "EnPro Industries buys Hydrodyne". Charlotte Business Journal. http://www.bizjournals.com/charlotte/stories/2010/09/20/daily24.html. 
  11. ↑ 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. 
  12. ↑ "EnPro Industries acquires Tara Technologies". Yahoo! Finance. https://finance.yahoo.com/news/EnPro-Industries-acquires-theflyonthewall-1796186381.html. 
  13. ↑ "EnPro Industries Acquires Rome Tool and die". American Machinist. http://americanmachinist.com/beyond-cutting-zone/enpro-industries-acquires-rome-tool-and-die. 
  14. ↑ "EnPro Industries acquires Pipeline Seal and Insulator". Industrial Supply. http://www.industrialsupplymag.com/pages/News-013111-EnPro-Industries-acquires-Pipeline-Seal-and-Insulator.php. 
  15. ↑ "EnPro Industries Acquires Motorwheel Commercial Vehicle Systems". Reuters. https://www.reuters.com/article/2012/04/16/idUS214549+16-Apr-2012+BW20120416. 
  16. ↑ "EnPro Industries Announces Acquisition of Fabrico, Inc.". Business Wire. https://finance.yahoo.com/news/enpro-industries-announces-acquisition-fabrico-123000178.html. 
  17. ↑ "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. 
  18. ↑ "EnPro Industries Announces Acquisition of Qualiseal". Business Wire. June 2017. https://www.businesswire.com/news/home/20170601005164/en/EnPro-Industries-Announces-Acquisition-Qualiseal. 
  19. ↑ "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. 
  20. ↑ "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. ↑ 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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