EnPro Industries, Inc. acquires Canadian compressor parts manufacturer
EnPro Industries, Inc., a manufacturer of engineered industrial products, announced Wednesday the acquisition of Allwest Compressor Services, a privately-held manufacturer of compressor components located in Western Canada. Terms of the transaction were not disclosed.
Allwest manufactures and services compressor-related parts and components for the natural gas and oil production industries, including compressor pistons and rods, piston rings and rider bands, and compressor valves. In addition, Allwest offers reconditioning services for reciprocating compressor components.
The operations of Allwest and its 36 employees will be managed as part of France Compressor Products. Allwest will continue to manufacture and market its products from its current facilities in Medicine Hat and Lac La Biche, Alberta, Canada.
"Allwest is an excellent complement to our France Compressor Products business unit," said Ernie Schaub, president and CEO of EnPro. "The acquisition gives us access to an active market and strengthens an important product line."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey