EnPro Industries to Acquire Sealing Products Manufacturer

EnPro Industries, Inc. (NYSE: NPO) announced today that it has signed an agreement to acquire the business of Pipeline Seal and Insulator, Inc. and its affiliates (PSI), a privately-owned group of companies that manufacture products that ensure the safe flow of fluids through pipeline transmission and distribution systems, worldwide.

The transaction, which is expected to close in the first quarter of 2011 and will be completed for cash, is subject to customary closing conditions. The parties have received anti-trust clearances required for closing.