Update: Fairbanks Morse Sale Closes; Company Names New CEO

Jack Burke

21 January 2020

EnPro Industries said it has closed the previously announced sale of engine maker Fairbanks Morse to an affiliate of funds managed by private equity firm Arcline Investment Management for US$450 million, subject to closing date purchase price adjustments.

Fairbanks Morse also announced that George Whittier has returned to lead the…

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