Trelleborg has, through its Trelleborg Sealing Solutions business area, closed on the acquisition of Tritec Seal which produces engineered polytetrafluoroethylene (PTFE) sealing solutions. The acquisition strengthens Trelleborg’s product portfolio, primarily in rotary seals, while giving the business area access to increased manufacturing capacity.
Headquartered in Fenton, Mich., with additional manufacturing in Giddings, Texas, Tritec Seal generated sales of $31 million in 2018. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its position in attractive market segments, including oil and gas and agriculture.
“I am delighted to welcome Tritec Seal to Trelleborg. The added manufacturing capacity will help us address increased market demand for PTFE seals while expanding our product portfolio and engineering expertise,” said Kent Bergenholtz, president, global operations engineered plastics of Trelleborg Sealing Solutions.
“Combining Tritec Seal’s service model for the maintenance, repair, and operations market with Trelleborg’s ServicePLUS offering, enables us to offer superior service to our local customers. The added manufacturing capacity will also aid in decreasing turnaround time for small production runs and enable us to get prototypes to market faster. The move also enables current mutual customers to simplify their purchasing processes through vendor consolidation,” said Linda Muroski, business unit president of Trelleborg Sealing Solutions.
The transaction closed on Nov. 27. Terms of the deal were not disclosed.
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