Enpro Industries acquires The Aseptic Group (Aseptic Process Equipment SAS and Aseptic Services SARL)

Enpro Industries acquired The Aseptic Group (Aseptic Process Equipment SAS and Aseptic Services SARL) for $39.3 million, net of cash acquired, a transaction completed in July 2019, structured as all cash.

The Aseptic Group (Aseptic Process Equipment SAS and Aseptic Services SARL) operates in Sealing Products (Garlock Family of Companies), is based in Limonest, France. The Aseptic Group is a privately held company, headquartered in Limonest, France, that distributes, designs and manufactures aseptic fluid transfer products for the pharmaceutical and biopharmaceutical industries. It is a recognized supplier of high-purity fluid path components that has served some of the world's largest pharmaceutical companies for over 20 years.

Represents a key step in EnPro's strategy to grow in the pharmaceutical and biopharmaceutical industries and to invest in attractive markets and applications; the business joined the Garlock Family of Companies, a global supplier of high-performance sealing and fluid handling products to process industries.

Recognized high-purity fluid-path supplier with 20+ years serving major pharmaceutical companies; expands Garlock into the growing pharma/biopharma fluid-handling market. Complements Garlock's growth strategy in fluid handling for process industries. Garlock Family of Companies (Sealing Products segment)

Advisory firms were not disclosed for this transaction.