January 2008

EnPro Industries, Charlotte, NC, has acquired Sinflex Sealing Technologies, a distributor and manufacturer of industrial sealing products, in Shanghai, China. The operations will do business as Garlock Sealing Technologies (Shanghai) Co Ltd. and will be operated by Garlock Sealing Technologies, an EnPro Industries company.
 
Sinflex has been Garlock's principal distributor in China for more than 10 years and in recent years has expanded its manufacturing operations.
 
Establishing an operational presence is key to our ability to address China's fast growing sealing products market," said Ernie Schaub, EnPro's president and chief operating officer. "Sinflex is one more small but important step in this direction. We will continue on this path later this quarter, when ...

The Timken Company, Canton, OH, has agreed to acquire Boring Specialties Inc., a provider of precision deep-hole oil and gas drilling and extraction products and services. Based in Houston, TX, BSI had 2006 sales of $48 million.
 
The acquisition will extend Timken's presence in the growing energy market by adding BSI's products to its range of alloy steel products for oil and gas customers.
 
BSI primarily serves the oil and gas industry, with products used in the manufacture of down-hole drilling and completion components. Timken steel is used in a number of BSI's products.
 
Timken supplies friction management and power transmission products and services. Timken had sales of $5 billion in 2006, operations in 26 countries and 25,000 ...

Swedish manufacturer Indutrade has agreed to buy UK company Precision Products Ltd, with annual sales of SEK 70 million (US$10.7 million).
 
Precision Products, with a customer base in 48 countries, is a supplier of piston rings to the international marine engine industry as well as products for other industrial applications.
 
Precision Products fits well in to our strategy of acquiring niche companies with a high level of technical expertise and building clusters,"says Johnny Alvarsson, president and CEO of Indutrade. "The company will be included in a cluster together with the spring manufacturers Spinova and Carrab Industri."
 
Precision Products will be part of the Special Products unit, which had net sales of SEK 1,094 million (US$168.4 million). ...