Trelleborg acquires US distributor of precision seals
Press Release July 11, 2007
Through its Trelleborg Sealing Solutions business area, Trelleborg has acquired the privately owned US distributor AFM Inc., which has about 40 employees and annual sales of approximately SEK 90 M.
AFM is a rapidly growing distributor of hydraulic seals and customized rubber components with its head office in Portland, Oregon, and an office in Fresno, California. The company’s range of products includes dynamic seals, static seals and rotary seals. The bulk of AFM’s current sales are to OEM customers within several industrial segments, among others aerospace. AFM’s operations will be integrated into Trelleborg Sealing Solutions.
“AFM is a profitable and well-managed company with a wide range of products. This acquisition increases Trelleborg Sealing Solution’s market presence in the US Northwest and central California,” says Claus Barsøe, Business Area President of Trelleborg Sealing Solutions.
Download PDF version
Further information can be obtained from Viktoria Bergman, Trelleborg’s Senior Vice President, Corporate Communications, +46 (0)410-670 94, +46 (0)708-47 57 33, or from Mikael Byström, Trelleborg’s Senior Vice President Investor Relations, +46 (0)410-670 37, +46 (0)708-55 21 69.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group has annual sales of approximately SEK 27 billion, with about 23,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap.
www.trelleborg.com
|
