Trelleborg acquires stake in Max Seal

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. 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. 

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 moulded seals, which Trelleborg will be able to leverage in other parts of its operations. The transaction is expected to be finalized during the first quarter of 2014.