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EnPro's (NPO) Aseptic Group Buyout To Aid Garlock Business

By Zacks Investment ResearchStock MarketsJul 03, 2019 02:04AM ET
www.investing.com/analysis/market-watch-el-pib-del-gran-bretana-200436909
EnPro's (NPO) Aseptic Group Buyout To Aid Garlock Business
By Zacks Investment Research   |  Jul 03, 2019 02:04AM ET
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EnPro Industries, Inc. (NYSE:NPO) , yesterday, announced that it has acquired a privately held company, The Aseptic Group. Financial terms of the transaction have been kept under wraps.

Before we proceed further with the buyout details, it’s worth mentioning that Limonest, France-based The Aseptic Group specializes in designing, manufacturing and distributing products related to aseptic fluid transfer. These products are mainly used in biopharmaceutical and pharmaceutical industries.

Details of the Buyout

As noted, EnPro Industries will integrate the acquired Aseptic Group — comprising Aseptic Services SARL and Aseptic Process Equipment SAS — to its Garlock Family of Companies. Garlock is mainly engaged in supplying fluid handling and sealing products to customers in the process industries.

EnPro Industries anticipates that the Aseptic buyout will add vigor to Garlock’s operations by strengthening its product offerings and manufacturing capabilities, and expanding in biopharmaceutical and pharmaceutical industries.

Zacks Rank & Other Key Picks

With a market capitalization of $1.3 billion, EnPro Industries currently carries a Zacks Rank #4 (Sell). In the past three months, the company’s share price has declined 8% versus the industry’s growth of 2.9%.



Further, earnings estimates for the company have been revised downward in the past 60 days. Currently, the Zacks Consensus Estimate for EnPro Industries is pegged at $4.19 for 2019 and $4.88 for 2020, indicating decline of 2.3% and 1% from the respective 60-day-ago figures.

EnPro Industries Price and Consensus

EnPro Industries price-consensus-chart | EnPro Industries Quote

Some better-ranked stocks in the industry are Roper Technologies, Inc. (NYSE:ROP) , Chart Industries, Inc. (NASDAQ:GTLS) and Flowserve Corp. (NYSE:FLS) . While Roper sports a Zacks Rank #1 (Strong Buy), both Chart Industries and Flowserve carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

In the past 60 days, earnings estimates for Roper and Chart Industries have improved for the current year, while were unchanged for Flowserve. Further, Roper, Chart Industries and Flowserve generated an average positive earnings surprise of 8.43%, 16.56% and 0.49%, respectively, over the last four quarters.

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Roper Technologies, Inc. (ROP): Free Stock Analysis Report

Flowserve Corporation (FLS): Free Stock Analysis Report

EnPro Industries (NPO): Free Stock Analysis Report

Chart Industries, Inc. (GTLS): Free Stock Analysis Report

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Zacks Investment Research

EnPro's (NPO) Aseptic Group Buyout To Aid Garlock Business
 

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EnPro's (NPO) Aseptic Group Buyout To Aid Garlock Business

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