SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 1, 2011
ENPRO INDUSTRIES, INC.
(Exact name of Registrant, as specified in its charter)
North Carolina | 001-31225 | 01-0573945 | ||
(State or other jurisdiction of incorporation) |
(Commission file number) |
(I.R.S. Employer Identification No.) |
5605 Carnegie Boulevard, Suite 500
Charlotte, North Carolina 28209
(Address of principal executive offices, including zip code)
(704) 731-1500
(Registrants telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
On August 1, 2011, the Company issued a press release announcing that its Garlock Sealing Technologies subsidiary had completed a product line acquisition. The press release is filed as Exhibit 99.1 hereto and is incorporated by reference herein.
On August 1, 2011, the Company issued a press release announcing that it had acquired Tara Technologies Corporation. The press release is filed as Exhibit 99.2 hereto and is incorporated by reference herein.
Item 9.01 | Exhibits. |
Exhibit 99.1 | Press release of EnPro Industries, Inc. dated August 1, 2011. | |
Exhibit 99.2 | Press release of EnPro Industries, Inc. dated August 1, 2011. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 2, 2011
ENPRO INDUSTRIES, INC. | ||
By: | /s/ Richard L. Magee | |
Richard L. Magee | ||
Senior Vice President, General Counsel and Secretary |
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EXHIBIT INDEX
Exhibit |
Exhibit | |
99.1 | Press release of EnPro Industries, Inc. dated August 1, 2011 | |
99.2 | Press release of EnPro Industries, Inc. dated August 1, 2011 |
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Exhibit 99.1
News Release
Investor Contact:
Phone:
Email: |
Don Washington Director, Investor Relations and Corporate Communications
704-731-1527
don.washington@enproindustries.com |
EnPro Industries 5605 Carnegie Boulevard Charlotte, North Carolina 28209-4674 Phone: 704-731-1500 Fax: 704-731-1511 www.enproindustries.com | ||
EnPro Industries Garlock Sealing Technologies Subsidiary Completes Product Line Acquisition
CHARLOTTE, N.C., August 1, 2011 EnPro Industries, Inc. (NYSE: NPO) announced today that its subsidiary, Garlock Sealing Technologies, LLC (GST), has completed the acquisition of the ONE-UP® Pump Diaphragm business from W. L. Gore & Associates, Inc. The acquisition significantly expands the products GST offers to the industrial pump market.
The ONE-UP® Pump Diaphragm is well known in the industrial pump market for its outstanding performance characteristics and long service life. Manufacturing of the product line will be relocated from Gores facility in Elkton, Maryland, to GSTs facility in Palmyra, New York, and GST will continue to exclusively utilize Gores high-performance PTFE material to manufacture the ONE-UP® family of products.
The acquisition of this product line is a very exciting opportunity for GST. It underscores that the business remains healthy and viable as GST seeks a final and definitive resolution of asbestos claims against it, said Steve Macadam, president and chief executive officer of EnPro. GST has acquired a product with an excellent reputation that we are confident will enhance GSTs position in its markets.
Terms of the transaction were not disclosed.
About EnPro Industries
EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the companys website at http://www.enproindustries.com.
Exhibit 99.2
News Release
Investor Contact:
Phone:
Email: |
Don Washington Director, Investor Relations and Corporate Communications
704-731-1527
don.washington@enproindustries.com |
EnPro Industries 5605 Carnegie Boulevard Charlotte, North Carolina 28209-4674 Phone: 704-731-1500 Fax: 704-731-1511 www.enproindustries.com | ||
EnPro Industries Acquires Tara Technologies,
Creates Business Unit Dedicated to High Performance Products
CHARLOTTE, N.C., August 1, 2011 EnPro Industries, Inc. (NYSE: NPO), a leading manufacturer of engineered industrial products, today announced it has acquired Tara Technologies Corporation, a privately-held company that offers highly engineered products and solutions to the semiconductor, aerospace, energy and medical markets. Terms of the transaction, which was completed for cash, were not disclosed.
Tara will combine with EnPros High Performance Seals (HPS) group to create a new EnPro business that will go to market as the Technetics Group. The group unites several highly-regarded EnPro companies with common visions, common markets and complementary products. The newly-formed unit brings expanded engineering capabilities to EnPros sealing products businesses and enlarges the corporations global manufacturing capacity. The Technetics Group will be included in EnPros Sealing Products segment.
This acquisition provides an exciting opportunity for EnPro, said Steve Macadam, president and chief executive officer. It leverages Taras capabilities in assemblies, systems integration, and surface technologies with the HPS groups experience in precision components to provide industry-leading expertise in high-performance sealing applications. The addition of Tara also brings a highly-skilled technical workforce to EnPro and will allow us to accelerate our growth in key markets.
The Technetics Group creates a valuable platform for growth, Macadam continued. Tara has highly desirable engineering and product development capabilities that complement our capabilities as a solution provider for high performance applications. We are very pleased with this opportunity and we warmly welcome Tara employees to the EnPro family.
Colm Lanigan, chief executive officer of Tara Technologies and managing partner of Tara Capital said, Tara Technologies has a 50 year record of providing world class products to its customers. While we have expanded significantly in the past five years, we realized a larger platform would enable us to best serve our customers. We believe EnPros model provides the scale and resources to drive further success. EnPro and Tara share a similar focus on product excellence and the customer, making EnPro an excellent partner for the future of Tara and its employees.
Tara Technologies, headquartered in Daytona Beach, Florida with facilities in San Carlos, California and Singapore, employs approximately 170 people. Tara Technologies was owned by an affiliate of lead investor Tara Capital Inc. and Balmoral Fund I, L.P.
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EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the companys website at http://www.enproindustries.com.
Tara Capital is a New York based private investment firm founded by Colm Lanigan in 2006. Tara Capital focuses on investing in leading middle market businesses, actively partnering with management to drive growth and operational excellence. Particular areas of focus are manufacturing of engineered products and select service industries. For more information, contact colm@taracap.com.
Balmoral Fund I L.P., a Los Angeles based private equity fund advised by Balmoral Advisors LLC, invests in special situations, recapitalizations, and acquisitions of small and middle-market companies. To learn more about Balmoral, please visit www.balmoralfunds.com.