Atlas Copco has acquired Quincy Compressor from EnPro Industries for $190 million. EnPro, which will record a pretax gain of approximately $140 million in the first quarter, has announced that deal will let EnPro to grow in core areas where it has stronger and more competitive market positions.

Quincy, whose results are reported in EnPro's Engineered Products segment, had sales of $174 million for the full year of 2008. The business has approximately 400 employees at facilities in Bay Minette, Alabama; Quincy, Illinois; Dixon, California; and Kunshan, China.

Founded in the 1920s, Quincy Compressor designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps, mainly under the Quincy brand. Its products are sold through independent distributors and agents, with more than three-quarters of sales in the United States.

Atlas Copco is planning to further develop the Quincy brand independently. The acquisition, expected to be completed during the first quarter of this year, will expand Atlas Copco's Compressor Technique business area, which develops, manufactures, markets, distributes and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems.

Steve Macadam, president and chief executive officer of EnPro said, "Atlas Copco is one of the world's premier air compressor companies, and therefore, a more logical owner for Quincy. As part of Atlas Copco, we are confident Quincy will have even greater opportunity for long-term success."