{"id":534245,"date":"2021-09-03T06:33:09","date_gmt":"2021-09-03T10:33:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/"},"modified":"2021-09-03T06:33:09","modified_gmt":"2021-09-03T10:33:09","slug":"enpro-continues-portfolio-reshaping-divests-polymer-components-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/","title":{"rendered":"Enpro Continues Portfolio Reshaping; Divests Polymer Components Business"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Enpro Continues Portfolio Reshaping; Divests Polymer Components Business<\/b><\/p>\n<p>CHARLOTTE, N.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEnPro Industries, Inc. (NYSE: NPO), an industrial technology company, today announced the sale of its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed.\n<\/p>\n<p>\nThe polymer components business is headquartered in Houston, Texas, with two production facilities in Texas and a smaller site in Pennsylvania. Under Edgewater ownership, the organization will be renamed Altamira Material Solutions.\n<\/p>\n<p>\n\u201cWe are very appreciative of our colleagues\u2019 dedication to producing high-quality products and providing reliable service that our customers have come to expect,\u201d said Eric Vaillancourt, Interim President &amp; CEO of Enpro. \u201cWe wish for their continued success as they move forward as Altamira with Edgewater\u2019s support.\u201d\n<\/p>\n<p>\n\u201cWe continue to execute on our multi-faceted strategy to transform Enpro into a leading industrial technology company,\u201d added Vaillancourt.\n<\/p>\n<p>\nThe polymer components business unit was part of Enpro\u2019s Sealing Technologies segment. Revenue in the first half of 2021 was approximately $20 million.\n<\/p>\n<p>\nFidus Partners, LLC served as exclusive financial advisor to Enpro, and Robinson Bradshaw served as legal counsel.\n<\/p>\n<p><b>About Enpro<\/b><\/p>\n<p>\nEnpro is an industrial technology company focused on niche applications across many end-markets including semiconductor, general industrial, aerospace, food and pharma and life sciences. For more information about Enpro, visit the company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.enproindustries.com&amp;esheet=52486035&amp;newsitemid=20210903005041&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.enproindustries.com&amp;index=1&amp;md5=edd6db4c840076f919271cb903909701\">http:\/\/www.enproindustries.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210903005041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210903005041\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210903005041\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contacts:<br \/>\n<\/b><br \/><b>James Gentile<br \/>\n<\/b><br \/><b>Vice President, Investor Relations<br \/>\n<\/b><\/p>\n<p><b>Jenny Yee<br \/>\n<\/b><br \/><b>Corporate Access Specialist<\/b><\/p>\n<p><b>Phone: 704-731-1527<br \/>\n<\/b><br \/><b>Email: <\/b><a rel=\"nofollow\" href=\"mailto:investor.relations@enproindustries.com\">investor.relations@enproindustries.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Ohio North Carolina Pennsylvania Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Semiconductor Engineering Chemicals\/Plastics Technology Aerospace Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210903005041\/en\/1062268\/3\/Enpro-Horiztonal-CMYK-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Enpro Continues Portfolio Reshaping; Divests Polymer Components Business CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211; EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, today announced the sale of its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed. The polymer components business is headquartered in Houston, Texas, with two production facilities in Texas and a smaller site in Pennsylvania. Under Edgewater ownership, the organization will be renamed Altamira Material Solutions. \u201cWe are very appreciative of our colleagues\u2019 dedication to producing high-quality products and providing reliable service that our customers have come to expect,\u201d said Eric Vaillancourt, Interim President &amp; CEO of Enpro. \u201cWe wish for their continued success &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Enpro Continues Portfolio Reshaping; Divests Polymer Components Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534245","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Enpro Continues Portfolio Reshaping; Divests Polymer Components Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enpro Continues Portfolio Reshaping; Divests Polymer Components Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Enpro Continues Portfolio Reshaping; Divests Polymer Components Business CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211; EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, today announced the sale of its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed. The polymer components business is headquartered in Houston, Texas, with two production facilities in Texas and a smaller site in Pennsylvania. Under Edgewater ownership, the organization will be renamed Altamira Material Solutions. \u201cWe are very appreciative of our colleagues\u2019 dedication to producing high-quality products and providing reliable service that our customers have come to expect,\u201d said Eric Vaillancourt, Interim President &amp; CEO of Enpro. \u201cWe wish for their continued success &hellip; Continue reading &quot;Enpro Continues Portfolio Reshaping; Divests Polymer Components Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-03T10:33:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210903005041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Enpro Continues Portfolio Reshaping; 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(NYSE: NPO), an industrial technology company, today announced the sale of its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed. The polymer components business is headquartered in Houston, Texas, with two production facilities in Texas and a smaller site in Pennsylvania. Under Edgewater ownership, the organization will be renamed Altamira Material Solutions. \u201cWe are very appreciative of our colleagues\u2019 dedication to producing high-quality products and providing reliable service that our customers have come to expect,\u201d said Eric Vaillancourt, Interim President &amp; CEO of Enpro. \u201cWe wish for their continued success &hellip; Continue reading \"Enpro Continues Portfolio Reshaping; Divests Polymer Components Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-03T10:33:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210903005041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enpro-continues-portfolio-reshaping-divests-polymer-components-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Enpro Continues Portfolio Reshaping; 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