Company: NPO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048610
Chunk: 9

Company: Enpro Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 9
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 three exercise periods in 2024, 2025 and 2026, with any amount not sold or purchased in a prior exercise period being carried forward to the subsequent exercise periods. In January 2024, we agreed with the Alluxa Executives to change the terms of the Put and Call Rights so that all outstanding equity interests could be acquired in 2024. In February of 2024, we acquired all outstanding equity interests in the Alluxa Acquisition Subsidiary for $17.9 million, which was the minimum fixed price set in the Alluxa LLC Agreement. As this transaction was for the acquisition of all remaining shares of a consolidated subsidiary with no change in control, it was recorded within shareholder's equity and as a financing cash flow in the Consolidated Statement of Cash Flows. Enpro is the sole owner of Alluxa.

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16.    Subsequent Events

AcquisitionsEnPro Holdings acquired Overlook Industries, Inc. ("Overlook Industries") and entered into an agreement to acquire AlpHa Measurement Holdings, LLC ("AlpHa") on October 8, 2025 and October 10, 2025, respectively, for an aggregate of approximately $280 million in cash, subject to customary purchase price adjustments related to the final acquisition date net working capital determinations. We have funded, and plan to fund, these acquisitions with available cash on hand in the United States and borrowings under our Revolving Credit Facility. Overlook Industries, headquartered in Easthampton, Massachusetts, specializes in the design and fabrication of single-use technologies and other critical componentry for biopharmaceutical production processes.AlpHa is a Houston, Texas-based leading provider of liquid analytical sensing technologies and instrumentation for the measurement of key parameters for liquid processes. The company serves customers across a diverse set of end-markets, including industrial process control, water and wastewater, laboratory, and environmental monitoring. The acquisition of AlpHa is expected to close in November 2025, subject to customary closing conditions, including regulatory approvals. Pension Termination

In October 2025, we entered into an agreement to settle and terminate our remaining defined benefit pension plan in the United States. The termination and settlement for this plan preserved retirement benefits due to participants but changed the ultimate payor of such benefits to a third-party insurer. We anticipate that assets in the pension plan will fully cover the settlement of the pension liabilities and that Enpro will not have any cash payment obligations related to the termination of the plan