Sector News

Trelleborg buying US-based Carolina Seal

February 2, 2017
Chemical Value Chain

Sweden’s Trelleborg AB is buying another seal company, this time a North Carolina-based distributor of polymer seals for its Sealing Solutions business.

Carolina Seal Inc., based in Charlotte, specializes in seals, such as O-rings, hydraulic seals and ‘speciality kitting,’ with transport equipment, particularly products for the transport of chemicals its biggest market. It reports annual sales of $5.6 million, according to Trelleborg, which is based in Trelleborg, Sweden.

The bolt-on acquisition, Trelleborg said, is part of the company’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,” said Claus Barsoe, president of the Trelleborg sealing solutions business area. The US business, he added, “is well-known to us and we are impressed with their engineering knowledge and the service they provide to customers.”

The transaction is expected to be completed within the first quarter of 2017.

Source: Plastics News

comments closed

Related News

October 2, 2022

Trinseo announces potential closure of Boehlen, Germany Styrene Plant

Chemical Value Chain

Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.

October 2, 2022

Celeste Mastin appointed H.B. Fuller President and CEO, succeeding Jim Owens upon his retirement

Chemical Value Chain

H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.

October 2, 2022

LyondellBasell realigns executive team, forms circular and low-carbon solutions business

Chemical Value Chain

New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.