EnPro Industries Inc. has closed on the acquisition Pipeline Seal and Insulator Inc.
The deal included the Houston-based company’s affiliates, a privately owned group of
companies that make products for pipeline distribution systems.
The cash deal is valued at $100 million.
Pipeline Seal and Insulator primarily serves the oil and gas industry and water and
wastewater infrastructure markets. The company will become part of EnPro’s Garlock
family of companies.
Charlotte-based EnPro (NYSE:NPO) makes sealing products, metal polymer bearings,
compressor systems, diesel engines and other engineered products.
Pipeline Seal and Insulator operates facilities in the United States, Germany and the
United Kingdom. The company has 200 employees with additional locations in Dubai,
United Arab Emirates, and Kuala Lumpur, Malaysia.
Read more: EnPro closes on Pipeline Seal and Insulator acquisition | Charlotte Business
Journal
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