Trelleborg has finalized the acquisition of 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 access to increased manufacturing capacity that is needed.
Tritec Seal has its headquarters in Fenton, Michigan, US. 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.
The transaction will be consolidated as of November 27, 2019.
A press release regarding the acquisition was published on November 25, 2019.