EnPro Industries designates $170 million to pay down debt

By Rebecca Melvin

Concord, N.H., Dec. 22 – EnPro Industries Inc. expects to use after-tax net proceeds of about $170 million from the sale of Compressor Products International Inc. to reduce debt incurred to partially fund the company’s recently completed acquisition of NxEdge, according to a company news release on Wednesday.

The company completed the previously announced CPI sale to Howden Group for $195 million.

EnPro is a Charlotte, N.C.-based industrial technology company. NxEdge is a Boise, Idaho-based advanced manufacturing, cleaning, coating, and refurbishment business focused on the semiconductor value chain.

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