Quincy Compressor Joins the Atlas Copco Group

BAY MINETTE, AL, DECEMBER 18, 2009 - Quincy Compressor, local manufacturer of rotary and reciprocating industrial air compressors announced that its parent company EnPro Industries (NYSE: NPO) entered into an agreement to sell Quincy Compressor to Fulcrum Compressor LLC, a subsidiary of Atlas Copco North America LLC, and Atlas Copco (China) Investment Company Ltd. The companies expect the transaction to close in the first quarter of 2010, pending regulatory approval.

Quincy Compressor is a leading designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and a full line of air treatment components. Headquartered at its Bay Minette, Alabama facility, the company operates manufacturing in Quincy, Illinois, and an assembly facility in Kunshan, China.

Serving industry for nearly nine decades, Quincy has built a reputation for reliability, performance and value. Its products are sold through a global network of independent distributors and agents. More than three quarters of sales are in the U.S. Quincy holds a strong niche presence in the general industry and energy segments.

“This acquisition is the first time in our history that Quincy will be owned by a company whose business objectives are very much the same as ours,” says John Thompson, President Quincy Compressor. “We’re pleased that an agreement was reached, and most importantly to our heritage, Quincy will retain its own brand identity.”

Atlas Copco plans to further develop Quincy independently, in line with the Atlas Copco Group’s strategy.

“We look forward to welcoming Quincy Compressor into the Atlas Copco family. The strategic fit is very good and we look forward to better serving customers in the U.S. with a wider, stronger product portfolio,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.

With almost 400 employees, Quincy Compressor is dedicated to continuing its strategy for growth.

“We are very pleased to have reached this agreement,” said Steve Macadam, president and chief executive officer of EnPro. “Atlas Copco is one of the world’s premier air compressor company and a more natural owner for Quincy than EnPro. As part of Atlas Copco, we are confident Quincy will have greater opportunity for long-term success.”

Quincy Compressor sells a variety of products for producing and treating compressed air, and delivers proven, reliable performance in the most demanding conditions. Quincy’s reputation for rugged reliability and power-saving performance are just a few of the reasons why Quincy keeps winning over the world’s most demanding customers.

Quincy’s flagship products include the QSI and QGV rotary screw compressors, the reciprocating QR-25, QT and Climate Control packages along with the company’s innovative Royal Blue Warranty, which is widely recognized as the compressed air industry’s strongest warranty program.

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About Quincy Compressor:

Quincy Compressor is a leading designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and a full line of air treatment components. Quincy is headquartered in Bay Minette, Alabama, and operates manufacturing locations in Quincy, Illinois, and an assembly facility in Kunshan, China.

About EnPro Industries:

EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, compressor systems, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the company’s website at www.enproindustries.com.

About Atlas Copco:

Founded in 1873, Atlas Copco is an internationally active machinery-manufacturing group based in Stockholm. In 2008, the company’s three divisions – industrial, compressor and construction/mining engineering – with a total of 34,000 employees earned around BSEK 74.2 (BEUR 7.7). The Group produces and markets compressors and generators, construction and mining equipment, industrial tools, assembly systems together with matching service. Learn more at www.atlascopco.com.