Atlas Copco To Acquire Quincy Compressor

Atlas Copco, a Sweden-based provider of industrial productivity solutions, will purchase Bay
Minette, Ala.-based Quincy Compressor from EnPro Industries Inc., a Charlotte-based manufacturer of
engineered products, for approximately $190 million. 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.

“We look forward to working with Quincy Compressor and its strong distributor network,” said
Stephan Kuhn, Business Area president, Atlas Copco Compressor Technique. “The strategic fit is very
good and we will be able to better serve customers in the United States with an even more
differentiated product portfolio. For Atlas Copco, this acquisition offers interesting synergies in
both product design and supply chain management, while adding a strong brand for our continued

Founded in the 1920s, Quincy Compressor designs and manufactures reciprocating compressors,
rotary screw compressors and vacuum pumps, mainly under the Quincy brand. The company employs
approximately 400 people, and has manufacturing facilities in Quincy, Ill., and China as well as in
Bay Minette. Its products are sold through independent distributors and agents, with more than
three-quarters of sales in the United States. Atlas Copco plans to further develop the Quincy brand

The transaction is being executed by Atlas Copco North America LLC subsidiary Fulcrum
Acquisition LLC and Atlas Copco (China) Investment Co. Ltd., which are acquiring Quincy from EnPro
subsidiary Coltec Industries Inc. Upon closing, Fulcrum will change its name to Quincy Compressor

January 5, 2010