Trelleborg has, through its Trelleborg Sealing Solutions business area, signed an agreement to acquire US-based Tritec Seal. The company offers 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 that is needed.
Tritec Seal has its headquarters in Fenton, Michigan, U.S. Sales totaled approximately SEK 300 M in 2018. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am delighted to welcome the acquired operation to Trelleborg. With Tritec Seal, we can increase our production and offering of PTFE seals. Along with Tritec Seal’s service model for the Maintenance, Repair and Operations (MRO) market and our Service Plus offering, we are also gaining a strong offering for local original equipment customers,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized during the fourth quarter of 2019.