1
                                                                    Exhibit 23.2

As independent public accountants, we hereby consent to the use of our report
included in this Registration Statement and to the incorporation by reference in
this Registration Statement of our report dated February 2, 1998 (except with
respect to information discussed in Note 20 as to which the date is April 16,
1998) included in Coltec Industries Inc's Form 10-K for the year ended December
31, 1997 and to all references to our Firm included in this Registration
Statement.


Arthur Andersen LLP
   
Charlotte, North Carolina
August 14, 1998
    


                                      S-4