secwatch.observer — SEC 8-K summary
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Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2021-10-12T23:59:59+00:00
Accession:  0001140361-21-034296
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enpro agrees to sell CPI business to Howden for $195M (10.4x adj. EBITDA)
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- Purchase price of $195M equates to approximately 10.4x adjusted LTM EBITDA.
- Transaction expected to close in Q1 2022, subject to customary regulatory approvals.
- CPI provides reciprocating compressor products and services for petrochemical and oil & gas industries.
- Divestiture advances Enpro's portfolio shift toward semiconductor, photonics, food/pharma, and aerospace.
- After sale, Engineered Materials segment will consist of GGB and Garlock Pipeline Technologies (GPT).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121034296/0001140361-21-034296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121034296/brhc10029749_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-034296

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer