Trelleborg acquires 51-percent stake in pipe seal company to gain leading position in North America
Mar 06, 2014
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire a 51-percent stake in the North American group Max Seal. Pursuant to specific terms and conditions of the agreement, Trelleborg has an option and intends to acquire the outstanding share in the company.
Max Seal develops and manufactures polymer-based sealing systems for various types of pipes deployed in water and wastewater systems. The business transaction will create a leading position in North America, while complementing Trelleborg’s existing range and presence in the U.S. It will also provide access to the rapidly growing markets in Latin America.
The business has its main facility in Tijuana, Mexico, and a sale company in the U.S. Net sales in 2013 amounted to approximately SEK 80 M. The joint venture is part of Trelleborg’s strategy to strengthen its positions in attractive and profitable market segments.
"This jointly owned company provides us with a broader customer base, an excellent combination of a 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. Max Seal has extensive experience in the field of pipe seals and is highly regarded, with leading-edge expertise particularly in product development and manufacturing of molded seals, which we will be able to leverage in other parts of our operations," says Mikael Fryklund, President of the Trelleborg Industrial Solutions business area.
The transaction is expected to be finalized during the first quarter of 2014.
More News and Articles
Apr 24, 2024
News
Sustainable drainage solutions: German Start-up transforms urban water management.
Germany boasts a well-established infrastructure for managing rainwater and wastewater, yet many developing countries lack such systems. Addressing this gap, …
Apr 22, 2024
News
HDD tooling that gets the job done
Horizontal directional drilling is a dynamic process that constantly changes and adapts to suit a range of applications across utilities and infrastructure. Operators looking to get the most from their equipment …
Apr 19, 2024
News
WATCH: Overnight with SAERTEX-LINER H20 in São Paulo
Available through Pipe Core, high-quality liner SAERTEX-LINER H20 performed under pressure in São Paulo, Brazil.
Maintaining aging potable water pipe infrastructure is a constant challenge …
Apr 17, 2024
News
Immersive media provides wastewater experience in Denmark
An immersive media experience (IMX) may not be what most people want when they think about industrial wastewater, but that is exactly what visitors can expect when they visit a new installation …
Apr 15, 2024
News
Spotlight on gender diversity at Pipe Core
Since founding in 2008, Pipe Core’s team has grown across all areas of the business and is now in a position where there are more females than males across the organisation. Research published in Harvard …
Apr 12, 2024
News
New Wave of Startups Scale Innovation to Solve Global Water Challenges
Innovators from Around the World Join Xylem’s 2024 Accelerator Program to Deploy Breakthrough Innovations for Utilities and Industrial Users of Water
A new group of startups …
Apr 08, 2024
News
Integrated sustainable electricity and clean drinking water systems
Altitude Water and New Use Energy Solutions have partnered to create integrated, mobile solar-plus-water generation systems that produce sustainable electricity and clean drinking …
Apr 05, 2024
News
How to Evaluate Hydraulic Fracture Risk in HDD Design
The design of horizontal directional drill (HDD) installations often requires an evaluation of the potential for hydraulic fracture of the soil layers through which an HDD passes. Evaluating …
Apr 02, 2024
News
Historic Project Linking Rome and Vatican City Uses Advanced Technology and Local Knowledge to Keep Water Flowing
Relocation of Major Sewer Infrastructure Enables Construction of Pedestrian Link for 35 Million Visitors to the 2025 Jubilee
Water …
Mar 27, 2024
News
USU Study Looks at Water Main Break Rates in the U.S. and Canada
Report Highlights Correlation Between Material and Diameter
Utah State University (USU) has published new research on water main breaks in the United States and Canada, examining …
Mar 26, 2024
News
Update BE-21: New Material in Course and Modules on Trenchless Pipe Installation
Online training on the topic of pipeline installation in civil engineering: Trenchless technology for underground drainage construction can be a resource-efficient, …
Mar 25, 2024
Article
Bacteria as a new weapon in wastewater treatment
In early November, San Diego based startup Aquacycl officially opened its first European office and test center at the Water Campus in Leeuwarden. The Netherlands Foreign Investment Agency (NFIA) …
Contact
Trelleborg AB
Karin Larsson
Johan Kocksgatan 10
231 22 Trelleborg
Sweden