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, MI, with additional manufacturing in Giddings, TX, Tritec Seal generated sales of $31M in 2018. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its position in attractive market segments, including oil & 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,” says Kent Bergenholtz, President, Global Operations Engineered Plastics, 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,” says Linda Muroski, Business Unit President, Trelleborg Sealing Solutions.
The transaction closed on November 27, 2019.
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About Trelleborg Sealing Solutions and Trelleborg Group
Trelleborg Sealing Solutions is one of the world’s leading developers, manufacturers and suppliers of precision seals, bearings and custom-molded polymer components. It focuses on meeting the most demanding needs of aerospace, automotive and general industrial customers, including those from the pharmaceutical industry, with innovative solutions. Its network extends to over 25 production facilities and more than 50 marketing companies globally. The business area accelerates the progress of its customers through outstanding local support, an unrivalled product range including patented products and proprietary materials, a portfolio of established brands, unique process offerings, its ServicePLUS value chain solution and ‘Ease of Doing Business’ philosophy.www.tss.trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 34 billion (EUR 3.32 billion, USD 3.92 billion) and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and a reporting segment, Businesses under development. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.trelleborg.com.