EnPro Industries Announces Acquisitions by Compressor Products International
CHARLOTTE, N.C., /PRNewswire-FirstCall/—EnPro Industries Inc. (NYSE: NPO), a leading manufacturer of engineered industrial products, today announced the acquisitions of CC Technology, Progressive Equipment, Inc. and Premier Lubrication Systems, Inc. These businesses design and manufacture lubrication systems used in reciprocating compressors and will become part of Compressor Products International, an EnPro Industries company. The transactions were completed for cash; terms were not disclosed.
“These acquisitions support CPI’s commitment to developing a full range of technical products and services for the reciprocating compressor market,” said Steve Macadam, president and chief executive officer of EnPro. “They bring new and important capabilities that support CPI’s goal of becoming a single source where compressor operators turn for maintenance and operational improvements to their equipment.”
The acquired companies’ products and services increase efficiency and reduce maintenance for reciprocating compressors used in natural gas, refining and petrochemical markets, where CPI is well established as a leader in material technology. The acquisitions are an important addition to CPI’s existing capabilities and provide the acquired businesses with access to CPI’s global sales and marketing network. CC Technology is based in Midland, Texas; Progressive Equipment and Premier Lubrication Systems are based in Houston.
About EnPro Industries, Inc.
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.
SOURCE EnPro Industries, Inc.
http://www.enproindustries.com
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