Enpro Industries Inc acquisition history.

NxEdge is an advanced manufacturing, cleaning, coating, and refurbishment business focused on the semiconductor value chain, acquired from Trive Capital. Based in Boise, Idaho, it serves customers across the semiconductor supply chain, including top-tier global integrated device manufacturers (IDMs) and original equipment manufacturers (OEMs) from six main facilities located in Idaho and California, with vertically integrated capabilities and a robust aftermarket business.

Why it was attractive

1. 01 Highly complementary to Enpro's existing semiconductor businesses
2. 02 providing meaningful customer and geographic expansion and high-growth
3. 03 high-margin revenue streams
4. 04 expected to be significantly accretive to adjusted diluted earnings per share

Capabilities acquired

advanced manufacturingcleaningcoatingrefurbishmentsemiconductor value-chain services

This combination with NxEdge is an important step forward in our portfolio reshaping strategy as we continue our transformation toward unique industrial technology products and services in high-margin, high-growth markets.

We are thrilled with the opportunity to join Enpro and bring together our highly complementary assets to unlock significant value.

Post-close · earnings-call commentary

Eric Vaillancourt, Interim CEO, Q4 2021 earnings call: "I am particularly excited about the opportunities arising from our acquisition of NxEdge, as we are already realizing the significant benefits of combining the commercial and technological advantages across our Advanced Surface Technologies platform. Our teams are coordinating closely, and the combination is demonstrating solid strategic and cultural fit."

Alluxa is a privately held, California-based industrial technology company that provides specialized optical filters and thin-film coatings for the most challenging applications in high-growth markets. Founded in 2007 and headquartered in Santa Rosa, California, Alluxa has two California locations and 76 employees, with international reach serving customers across the Americas, Europe, and Asia. Its proprietary platform includes the SIRRUS automated plasma deposition software.

Why it was attractive

1. 01 Compelling financial profile with an attractive revenue and margin profile and 17 quarters of consecutive revenue growth
2. 02 proprietary technology platform with a highly differentiated product suite and an experienced management team

Capabilities acquired

specialty optical filtersthin-film coatingsSIRRUS automated plasma deposition software

Alluxa is recognized as a leader in specialty optical filters and thin-film coatings technology and complements our growing advanced technology presence.

This is the beginning of an exciting new chapter for Alluxa, and we are thrilled to join the EnPro family of companies.

LeanTeq is a privately held, Taiwan-based company that primarily provides refurbishment services for critical components and assemblies used in state-of-the-art semiconductor equipment used to produce the latest microchips for smartphones, autonomous vehicles, 5G, and artificial intelligence. Founded in 2011 and headquartered in Taoyuan City, Taiwan, LeanTeq has two locations in Taiwan and one in the United States (Milpitas / Silicon Valley, California) and approximately 260 employees. Aftermarket refurbishment services represent approximately 65% of LeanTeq's total sales.

Why it was attractive

1. 01 Compelling growth and margin profile with a consistent cash generation track record
2. 02 recurring aftermarket revenue enabled by Process of Record qualifications achieved through close partnership with OEMs
3. 03 expected to be accretive to adjusted EPS in the first full year following closing

Capabilities acquired

semiconductor component refurbishmentcoatingvalidationkit assemblyfailure analysisaftermarket services

LeanTeq complements Technetics Group, adding to our deep expertise and expanding the mission-critical suite of products we offer to our customers.

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.

Why it was attractive

1. 01 Recognized high-purity fluid-path supplier with 20+ years serving major pharmaceutical companies
2. 02 expands Garlock into the growing pharma/biopharma fluid-handling market

Capabilities acquired

aseptic fluid transfer productshigh-purity fluid path componentspharmaceutical/biopharma fluid handling

The acquisition of The Aseptic Group represents our ongoing commitment to invest in the pharmaceutical and biopharmaceutical industries.