EnPro Industries (USA;
NYSE:
NPO)
has acquired Shanghai-based Sinflex Sealing Technologies, in an all-cash transaction.
Sinflex manufactures and distributes industrial sealing products.
It will become a division of EnPro's Garlock Sealing Technologies operation, and renamed
as Garlock Sealing Technologies (Shanghai) Ltd.
The relationship between Sinflex and Garlock goes back more than a decade, as Sinflex began as
a Garlock distributor. In recent years, Sinflex has expanded to become a manufacturer as well,
and supplies some seals for Garlock.
Ernie Schaub, EnPro President and CEO, said: "Establishing an operational presence is key to our ability
to address China's fast-growing sealing products market. Sinflex is one more small but important step in
this direction. We will continue on this path later this quarter, when Stemco begins manufacturing
operations at Shuzhou, also in the Shanghai area, further expanding the sealing products
we manufacture and sell in China."