March 2, 2010 (FinancialWire) — EnPro Industries (NYSE: NPO) said it has completed the sale of Quincy Compressor to the Atlas Copco Group.

Steve Macadam, president and chief executive officer of EnPro, said the proceeds from the sale will enable his firm to continue our pursuit of acquisitions and internal initiatives for growth in areas, “where we have better market positions and more attractive prospects.”

EnPro said it expects to receive total proceeds of $190 million in cash for the sale, $184 million of which was received as of March 1.

An additional $6 million will be due at the closing of the sale of Kunshan Q-Tech Air Systems Technologies, Quincy’s China operations, which is scheduled for later this year.

North Carolina-based EnPro Industries offers sealing products, metal polymer and filament wound bearings, compressor components, diesel and dual-fuel engines and other engineered products for use by industries worldwide.

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