Trelleborg acquires seals service and distribution company
Trelleborg Group has, through its business area Trelleborg Sealing Solutions, signed an agreement and finalized the acquisition of the privately owned US-based VB Seals Inc. The company specializes in the distribution of polymer seals such as O-Rings, hydraulic seals, diaphragms and specialty kitting for original equipment manufacturers in several industries, including agriculture. The acquisition will increase Trelleborg’s presence in the Midwestern United States.
The company has its office and warehouse in Ames, Iowa, US. Sales amounted to approximately SEK 120 M in 2020. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“VB Seals is a good fit to our culture and business model as they work very closely with their customers and are offering them several sophisticated value-added services, such as kitting, assembly and materials testing. The acquisition gives us an improved sales and service platform in an important market and further strengthens our ServicePLUS Center business model,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.
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 solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 33 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com