Trelleborg acquires 51-percent stake in pipe seal company to gain leading position in North America
ET | Source:Trelleborg AB
Trelleborg has, through its business area Trelleborg Industrial Solutions,
signed an agreement to acquire a 51-percent stake in the North American group
Max Seal. Pursuant to specific terms and conditions of the agreement, Trelleborg
has an option and intends to acquire the outstanding share in the company. Max
Seal develops and manufactures polymer-based sealing systems for various types
of pipes deployed in water and wastewater systems. The business transaction will
create a leading position in North America, while complementing Trelleborg’s
existing range and presence in the U.S. It will also provide access to the
rapidly growing markets in Latin America.
The business has its main facility in Tijuana, Mexico, and a sale company in the
U.S. Net sales in 2013 amounted to approximately SEK 80 M. The joint venture is
part of Trelleborg’s strategy to strengthen its positions in attractive and
profitable market segments.
“This jointly owned company provides us with a broader customer base, an
excellent combination of a competitive product mix and improved geographic
presence. Trelleborg commands a strong position in pipe seal systems in the
European market and we can now offer our customers enhanced global support,
which will create new potential for expansion. Max Seal has extensive experience
in the field of pipe seals and is highly regarded, with leading-edge expertise
particularly in product development and manufacturing of molded seals, which we
will be able to leverage in other parts of our operations,” says Mikael
Fryklund, President of the Trelleborg Industrial Solutions business area.
The transaction is expected to be finalized during the first quarter of 2014.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46 (0)733
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46
(0)708 665140, firstname.lastname@example.org
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 21 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. In addition, Trelleborg owns 50
percent of TrelleborgVibracoustic, a global leader within antivibration
solutions for light and heavy vehicles, with annual sales of approximately SEK
15 billion in about 20 countries. The Trelleborg share has been listed on the
Stock Exchange since 1964 and is listed on NASDAQ OMX Stockholm, Large Cap.
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