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EnPro Industries realigns business into three new reportable segments

EnPro Industries announced that it has realigned its reporting segments to enhance transparency and collaboration across the company as part of its ongoing portfolio reshaping strategy.
The three new reportable segments, their mission statements, and descriptions are as follows:
• Sealing Technologies: Safeguarding critical environments 
Composed of the Garlock, Stemco, and Technetics (excluding Semiconductor) businesses, which leverage a high degree of materials science application expertise, extensive proprietary knowledge, and deep customer relationships to create innovative sealing solutions complemented by value-added systems integration.
• Advanced Surface Technologies: Advancing precision services and solutions 
Composed of the LeanTeq, Alluxa, and Technetics Semiconductor businesses, which utilize proprietary technologies, processes, and capabilities with highly differentiated services and products to serve the most challenging applications for semiconductor equipment, specialized optical filters, and thin-film coatings.
• Engineered Materials: Enabling high performance polymer applications 
Composed of the GGB and CPI businesses, which leverage their extensive global footprints and applications engineering capabilities to solve customers’ most difficult challenges.
“Over the past year and a half, EnPro has executed several strategic initiatives on our journey to reshape the business in support of profitable growth,” said Marvin Riley, Chief Executive Officer. “Through the acquisitions of Alluxa, Inc., LeanTeq Co., Ltd., and The Aseptic Group and the divestitures of STEMCO Air Springs, several STEMCO heavy-duty truck product lines, GGB bushing blocks, and Fairbanks Morse businesses, we are positioning the company for growth within the semiconductor, life sciences, and other technology-enabled markets. The new reporting segmentation aligns our technical and operational expertise and enables better performance measurement, decision making, and transparency for investors.”