Release time : 2015-06-15 10:52:10
EnPro Industries (NYSE: NPO) today announced the acquisition of Northern Gaskets and Mouldings Limited (NGM), a distributor of sealing products and a manufacturer of gaskets located in Batley, UK. NGM will operate as part of Garlock (Great Britain) Limited. The acquisition was completed for cash. Terms were not disclosed.
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NGM serves a variety of industries in the United Kingdom with a strong presence in the petrochemical, pharmaceutical and oil and gas industries.
"We are very pleased to welcome NGM to our company," said Steve Macadam, president and chief executive officer of EnPro Industries. "With the addition of NGM, our Garlock operations in the UK gain greater access to end users in an important market and benefit from improved manufacturing capacity and capabilities. At the same time, we expect NGM to benefit from access to the broad range of technical and financial resources available through Garlock and EnPro."
EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, compressor systems and components, diesel and dual-fuel engines