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
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.