EnPro Industries Announces Acquisition of High Performance Seal Manufacturer

Jan 05, 2010, 08:00 ET from EnPro Industries

CHARLOTTE, N.C., Jan. 5 /PRNewswire-FirstCall/ -- EnPro Industries (NYSE: NPO) today announced that it has acquired Technetics Corporation, a leading manufacturer of abradable seals, brush seals and acoustic products for turbines used in aerospace and power generation applications. The transaction was completed for cash; terms were not disclosed.

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"Technetics is a very valuable addition to our sealing products business," said Steve Macadam, president and chief executive officer of EnPro. "It brings us a unique line of metal sealing products that will accelerate our expansion in aerospace markets and broaden the line of products we offer for land-based turbines. These attractive markets and a high proportion of sales to the aftermarket make Technetics a strong strategic fit with Garlock Sealing Technologies. We welcome Technetics to EnPro and look forward to capturing new opportunities for the growth of this business."

Technetics' Feltmetal® and brush seals are approved by major aircraft engine manufacturers and have been specified for use on the Airbus A380 superjumbo passenger jet and the Boeing 787 Dreamliner. The company is based in Deland, Florida and employs about 20 people. It joins Garlock's High Performance Seals Group, which includes Garlock Helicoflex in Columbia, SC; Garlock France operations in Saint Etienne and Montbrison, France; and the recently acquired Wide Range Corporation in the United Kingdom.

EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, compressor systems and components, 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