Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:39 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #22. EnPro Industries — Remaining Interest in Stemco Joint Venture, Asian Industrial Seal Manufacturer
Acquirer:
EnPro Industries (NYSE:NPO)
Acquiree:
Remaining Interest in Stemco Joint Venture, Asian Industrial Seal Manufacturer
Details:
EnPro Industries, Inc. (NYSE:NPO) announced today the closing of transactions that provide for product line and geographic expansion in the company's Sealing Products segment.
EnPro Industries is engaged in the design, development, manufacture and marketing of proprietary engineered industrial products that primarily include: sealing products; heavy-duty truck wheel-end component systems; self-lubricating, non-rolling bearing products; and engineered components and lubrication systems for reciprocating compressors. Co. manages its business as the following segments: Sealing Products segment, which includes the following operating divisions, Garlock, Technetics and Stemco; and Engineered Products segment, which includes the following industrial products businesses, GGB and Compressor Products International.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 84th percentile
(ranked higher than approx. 84% of all stocks covered)
Analysts' Target Price: NPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
