EnPro Industries Acquires Chinese Sealing Products Distributor and Manufacturer
Posted on: Thursday, 24 January 2008, 09:00 CST
CHARLOTTE, N.C. Jan. 24 /PRNewswire-FirstCall/ -- EnPro Industries has acquired the assets of Sinflex Sealing Technologies, a distributor and manufacturer of industrial sealing products, located in Shanghai, China. The operations will do business as Garlock Sealing Technologies (Shanghai) Co Ltd. and will be operated by Garlock Sealing Technologies, an EnPro Industries company. Sinflex has been Garlock's principal distributor in China for over 10 years and in recent years has expanded its manufacturing operations.
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"Establishing an operational presence is key to our ability to address China's fast growing sealing products market," said Ernie Schaub, EnPro's president and chief operating officer. "Sinflex is one more small but important step in this direction. We will continue on this path later this quarter, when Stemco begins manufacturing operations at Shuzhou, also in the Shanghai area, further expanding the sealing products we manufacture and sell in China."
The transaction was completed for cash; terms were not disclosed.
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/.
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EnPro Industries
CONTACT: Media, Tammie McGee, Manager, Corporate Communications,+1-704-731-1548, tammie.mcgee@enproindustries.com; Investors, Don Washington,Director, Investor Relations and Corporate Communications, +1-704-731-1527,don.washington@enproindustries.com, both of EnPro Industries
Web site: http://www.enproindustries.com/
Source: PRNewswire
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