1 Exhibit 23 Consent of Independent Public Accounts To the Board of Directors and Shareholders of Coltec Industries Inc: As independent public accountants, we hereby consent to the incorporation of our report included in this Form 8-K, into the Company's previously filed Registration Statement File No.'s 33-46934, 33-54641, 333-27595, and 333-52975. Arthur Andersen LLP Charlotte, North Carolina March 4, 1999 4