- EnPro Industries (NYSE:NPO -1.3%) announces the exit of its STEMCO brake products business in line with its strategy to focus on its core products.
- The company expects to account ~$12M charges relating to the transaction in 2Q20. These charges, other than ~$4.8M, are non-cash.
- In 2019, EnPro reported $16.3M loss on sale of part of its brake products business, which was included in its sealing product segment.