EnPro to acquire NxEdge from Trive Capital.

EnPro, a company that designs, develops, manufactures, and markets proprietary engineered industrial products, agreed to acquire NxEdge, an advanced manufacturing, cleaning, coating, and refurbishment business focused on the semiconductor value chain, from Trive Capital, a private equity firm. Financial terms are not disclosed. "We are thrilled with the opportunity to join Enpro and bring together our highly complementary assets to unlock significant value. Over the past few years, we have focused on delivering technically differentiated, vertically integrated product solutions to our semiconductor IDM and OEM customers. Our partnership with Trive was critical as we developed and executed an ambitious growth plan by making significant infrastructure and capacity investments that position us to support secular growth trends within our industry. With Enpro, we will be able to fully capitalize on these investments and accelerate our momentum to deliver comprehensive, differentiated solutions to meet our customers' needs globally and offer expanded career opportunities for our colleagues," Jackson Chao, NxEdge Founder and CEO.