Trelleborg acquires North American precision seals company
Trelleborg, through the Trelleborg Sealing Solutions business area, has acquired the operations of precision bearing and sealing devices company Hydro-Components Research & Development Corporation (HCRD). The company employs a total of approximately 80 people and has annual sales of about SEK 50 million. It is a privately owned company based in Streamwood, Illinois, USA.
HCRD, which manufactures high-precision components, focuses specifically on large diameter seals and bearings. These products are used primarily in applications involving heavy-duty cylinders such as shock absorbers for earth moving equipment, dumpers and diggers.
“HCRD’s technology and products are at the leading edge of development in the company’s area of focus and will make an extremely valuable contribution to us,” says Claus Barsøe, Business Area President for Trelleborg Sealing Solutions. “The products fit in ideally with our current portfolio, will expand our offering and enable us to grow more rapidly in North America, within the segment for heavy duty vehicles. The acquisitions also offer distinct process and organizational synergies.”
Trelleborg Sealing Solutions has annual sales of approximately SEK 5.4 billion, with some 5,600 employees. It has production units in Brazil, Canada, China, Denmark, France, India, Italy, Japan, Malta, Mexico, Poland, Sweden, the UK and the US.