Trelleborg has closed its acquisition of Tritec Seal, which produces engineered polytetrafluoroethylene (PTFE) sealing solutions for various industries, including agriculture, mining and oil & gas.
Trelleborg said the acquisition strengthens its product portfolio, primarily in rotary seals, while giving the business area access to increased manufacturing capacity.
Headquartered in Fenton, Michigan, USA, with additional manufacturing in Giddings, Texas, Tritec Seal generated sales of US$31 million 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, the company said.
“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,” said 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,” Said Linda Muroski, Business Unit president, Trelleborg Sealing Solutions. “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.”