EnPro Industries Announces Acquisition of Qualiseal

CHARLOTTE, N.C.–(BUSINESS WIRE)–EnPro Industries, Inc. (NYSE: NPO), a leading manufacturer of engineered
industrial products, today announced the acquisition of the assets of
Qualiseal Technology (“Qualiseal”), a privately-held company offering
custom-engineered mechanical seals for demanding applications in the
aerospace industry and other markets. Qualiseal will become part of
EnPro’s Technetics Group, a leading manufacturer of engineered products
for demanding environments, specializing in solutions for the aerospace,
power generation, semiconductor, and high-performance industrial
markets. Qualiseal was acquired from QCC, LLC, a portfolio company of
Promus Equity Partners, LLC, in a cash transaction. Lincoln
International served as financial advisor to QCC, LLC. Terms were not
disclosed.

Qualiseal, headquartered in Harwood Heights, IL, is a highly respected
supplier of custom-engineered mechanical face and circumferential seals
for demanding aerospace and industrial applications. Qualiseal expands
Technetics Group’s presence in the aerospace market and complements its
growing mechanical seals product line. The company brings a highly
skilled and experienced workforce of approximately 50 employees. The
company will continue to conduct business under the Qualiseal Technology
name.

Gilles Hudon, President of Technetics Group said, “We are excited by
Qualiseal’s aerospace applications and engineering expertise, presence
on next generation and legacy commercial and military programs, and
strong reputation as a trusted supplier. We welcome the Qualiseal team
to EnPro and Technetics Group, and we are excited about the benefits
this business combination will afford our customers and employees.”

Rob Stuebing, Vice President and General Manager of Qualiseal said,
“Qualiseal has a 25+ year record of providing custom-engineered sealing
solutions for the most difficult and highest tolerance applications in
extreme conditions, such as high pressures, shaft speeds, and
temperatures. While we have experienced consistent growth throughout our
history, we believe that Qualiseal and Technetics Group’s combined scale
will provide new and better opportunities to serve our customers and, in
so doing, will provide opportunities for our employees. Technetics
Group’s and Qualiseal’s cultures are highly complementary, and I am
excited to join the Technetics Group team.”

Commenting on the acquisition of Qualiseal, Steve Macadam, President and
Chief Executive Officer of EnPro Industries said, “The acquisition of
Qualiseal represents a clear commitment to Technetics Group’s strategic
plan to expand its presence in the sealing arena and increase its
engineered content on next generation aerospace platforms. Among the
many attributes of the company, we are especially impressed with their
strong customer relationships, technical prowess, and proven ability of
the management team and workforce.”

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 company’s website at http://www.enproindustries.com.

Contacts

EnPro Industries, Inc.
Investor Contact:
Chris
O’Neal, 704-731-1527
Vice President, Strategy, Corporate
Development & Investor Relations
[email protected]