Trelleborg Sealing Solutions signed an agreement to acquire the privately owned U.S.-based Carolina Seal Inc. The business specializes in the distribution of polymer seals such as O-Rings, hydraulic seals and specialty kitting.
The company’s largest market segment is in transportation equipment, and primarily within the fast growing sub segment for transportation of chemicals.
The business has its office and warehouse in Charlotte, North Carolina, and has annual sales of approximately SEK 50 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquisition is a good fit and gives us the opportunity to enter the fast growing chemical transportation sub segment. The business is well-known to us and we are impressed with their engineering knowledge and the service they provide to customers,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the first quarter of 2017.