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31st July 2007
CPI JOINS EnPro
CPI is pleased to announce that EnPro
Industries Inc., a leading
manufacturer of engineered industrial products, has
acquired
Compressor Products International Ltd (CPI).
EnPro will combine
CPI with its France Compressor Products (FCP)
unit, based in
Stafford,
Texas, to create the world’s leading manufacturer of
reciprocating
compressor sealing components and one of the world’s
three largest
producers of reciprocating compressor valves.
We are proud to join a company with EnPro’s record
of industrial
success and obvious growth potential. Its compressor
products
business has grown over the past year and a half
from a relatively
small
part of EnPro to join the ranks of its core
operations. We are
equally excited by the breadth of high quality products and
services
we will be able to provide to our customers worldwide by
combining
market
coverage, experience, expertise and product
development
capabilities
of
both FCP and CPI.
The combined operations will conduct the business under the
CPI name.
We believe the name accurately reflects both our
products and our
objective to expand the global footprint of our
business. The
CPI
operations in Hungerford
and Braunton will remain
in place while
the
headquarters of the new company will be at the
current FCP offices at
Stafford, near Houston.
It is planned that all CPI and FCP global operations
of both companies
will be continued, and where applicable integrated
and developed to
provide the optimum arrangement to serve each market
region.
CPI’s focus remains on providing the high level of
service and support
that our customers have come to depend on, during
and after the
transition. We intend to
continue to fully serve the needs of our
customers in every aspect of innovation, service,
quality and delivery.
We thank you for your business and your support. We
are confident
that by joining forces, CPI and FCP will bring added
value and greater
opportunity to our customers as well as to our
staff.
For further information, please contact CPI through
your usual
contact, through any of the CPI group locations, or
direct to our
Hungerford Head Office.
For more information about EnPro Industries
Inc, please visit the
company's website
www.enproindustries.com
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