Trelleborg acquires seal distributor for expansion within the chemical transportation sub segment
Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the privately owned U.S.-based Carolina Seal Inc. The business specializes in the distribution of polymer seals such as O-rings, hydraulic seals and specialty kitting. The company’s largest market segment is in transportation equipment, and primarily within the fast growing sub segment for transportation of chemicals.
The business has its office and warehouse in Charlotte, North Carolina, and has annual sales of approximately SEK 50 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquisition is a good fit and gives us the opportunity to enter the fast growing chemical transportation sub segment. The business is well-known to us and we are impressed with their engineering knowledge and the service they provide to customers,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the first quarter of 2017.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67015, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 30 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com