Announcement: Moody's says EnPro's announced divestiture of GGB enhances capital allocation flexibilityGlobal Credit Research - 06 Sep 2022New York, September 06, 2022 -- Moody's Investors Service ("Moody's") says that EnPro Industries, Inc.'s (EnPro) agreement to sell its GGB business to The Timken Company for $305 million and strategic review of its Garlock Pipeline Technologies, Inc. (GPT) business is credit positive. EnPro's ratings, including its Ba3 Corporate Family Rating, are unaffected.Moody's views the divestiture and potential sale as credit positive because of the expected meaningful proceeds to be received that will enhance the company's already good liquidity and increase capacity for debt reduction.For additional commentary, please refer to the associated issuer comment available on www.moodys.com.Charlotte, North Carolina based EnPro Industries, Inc. manufactures and markets a variety of proprietary engineered products, including sealing products, specialized optical filters and thin-film coatings for various end markets including the semiconductor, industrial technology, and life sciences end markets. The company also manufactures and markets heavy duty truck wheel-end component systems; and other engineered products for use in critical applications by industries worldwide. The company's revenue totaled approximately $1.2 billion for the twelve months ended June 30, 2022.This publication does not announce a credit rating action.For any credit ratings referenced in this publication, please see the issuer/deal page on https://ratings.moodys.comfor the most updated credit rating action information and rating history. Jadijhe (Gigi) Adamo Vice President - Senior Analyst Corporate Finance Group Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Jessica Gladstone, CFA Associate Managing Director Corporate Finance Group JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. 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