Technetics Joins Garlock Sealing Technologies
Tuesday, January 12, 2010
EnPro Industries 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. "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." More…
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