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EnPro Industries Reaches Agreement to Acquire Sealing Products Manufacturer

Monday, January 31, 2011  
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EnPro Industries, Inc. has signed an agreement to acquire the business of Pipeline Seal and Insulator, Inc. and its affiliates (PSI), a privately-owned group of companies that manufacture products which ensure the safe flow of fluids through pipeline transmission and distribution systems, worldwide. The transaction, which is expected to close in the first quarter of 2011 and will be completed for cash, is subject to customary closing conditions. The parties have received anti-trust clearances required for closing.

PSI primarily serves the global oil and gas industry and water and wastewater infrastructure markets. It operates facilities in the United States, Germany and the United Kingdom, and will be included in EnPro's Garlock family of companies. More…


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