Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:08 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 designing, developing, manufacturing, servicing, and marketing proprietary engineered industrial products. Co. manages its business as three segments: Sealing Technologies, which includes three operating divisions, Garlock, Technetics and Stemco; Advanced Surface Technologies, which includes four operating businesses, Technetics Semi, LeanTeq Co, LTD. and its affiliate LeanTeq LLC, Alluxa, Inc., and TCFII NxEdge LLC; and Engineered Materials, which includes two engineered material businesses: GGB and Garlock Pipeline Technologies, Inc.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 83rd percentile
(ranked higher than approx. 83% of all stocks covered)
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