Trelleborg buys stake in pipe seal company Max Seal
Resource from: European Plastics News Likes:141
Feb 28,2014
Sweden-based Trelleborg, a company which deals in polymer engineering solutions for applications running in demanding situations, has reportedly signed an agreement to acquire a 51% stake in the North American group, Max Seal, which develops and manufactures polymer-based sealing systems for various types of pipes used in water and wastewater systems.
Mikael Fryklund, president of the Trelleborg Industrial Solutions business area, said of the acquisition: “This jointly owned company provides us with a broader customer base, an extensive and competitive product mix, and improved geographic presence. Trelleborg commands a strong position in pipe seal systems in the European market, and we can now offer our customers enhanced global support, which will create new potential for expansion.”
Trelleborg states that the deal will also help provide access to the growing markets in South America.
Bill Hagenberg, of the Trelleborg pipe seals operation, said: “The strategic JV between Trelleborg and Max Seal will give our pipe seals operation important worldwide expansion allowing it to better serve its increasingly global customer base. Jointly, Trelleborg and Max Seal will provide a strong portfolio of products, combining Trelleborg’s smaller sized offering with Max Seal’s larger pipe diameters. Our Powerlock is a superior product for integrated sealing of PVC pipes especially up to 400mm."
Hagenberg also spoke of the companies history: “The relationship between Trelleborg and Max Seal began in 2011 when the two companies successfully entered the Mexican market together. Customers welcomed the combination of the solid Trelleborg Group and the Max Seal team, with its strong experience in the pipe industry. Trelleborg and Max Seal have an excellent working relationship and we believe by investing in the Max Seal business, we will be an outstanding supplier to pipe producers in the Americas.”
Trelleborg Pipe Seals, also known under the Forsheda brand, supplies integrated and non-integrated sealing solutions for plastic pipes. Max Seal, which has its main facility in Tijuana, Mexico, and a sales company in the US, saw sales in 2013 of SEK 80m (#8364;8.9m). The deal between the two companies is expected to be finalised during the first quarter of 2014.
(European Plastics News)
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