Trelleborg acquires North American precision seals company Trelleborg, through the Trelleborg Sealing Solutions business area, has acquired the operations of precision bearing and sealing devices company Hydro-Components Research & Development Corporation (HCRD). The company employs a total of approximately 80 people and has annual sales of about SEK 50 million. It is a privately owned company based in Streamwood, Illinois, USA. HCRD, which manufactures high-precision components, focuses specifically on large diameter seals and bearings. These products are used primarily in applications involving heavy-duty cylinders such as shock absorbers for earth moving equipment, dumpers and diggers. “HCRD's technology and products are at the leading edge of development in the company's area of focus and will make an extremely valuable contribution to us,” says Claus Barsøe, Business Area President for Trelleborg Sealing Solutions. “The products fit in ideally with our current portfolio, will expand our offering and enable us to grow more rapidly in North America, within the segment for heavy duty vehicles. The acquisitions also offer distinct process and organizational synergies.” Trelleborg Sealing Solutions has annual sales of approximately SEK 5.4 billion, with some 5,600 employees. It has production units in Brazil, Canada, China, Denmark, France, India, Italy, Japan, Malta, Mexico, Poland, Sweden, the UK and the US. Further information can be obtained from Mikael Byström, Trelleborg's Senior Vice President Investor Relations, +46 (0)708-55 21 69, or Trelleborg Corporate Communications +46 (0)733-60 30 17.Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group has annual sales of approximately SEK 27 billion, with about 23,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap. www.trelleborg.com
Trelleborg acquires North American precision seals company
| Source: Trelleborg AB