TRELLEBORG, Sweden—Trelleborg Sealing Solutions, part of Sweden's Trelleborg Group, has finalized an agreement to acquire privately owned U.S.-based VB Seals Inc.
Based in Ames, Iowa, VB Seals specializes in the distribution of polymer seals such as O-rings, hydraulic seals, diaphragms and specialty kitting for original equipment manufacturers in several industries, including agriculture, Trelleborg said in a news release.
The polymer group said it expected the bolt-on acquisition to expand its presence in the Midwest U.S., noting that the move was part of its strategy to strengthen its position in "attractive market segments."
The acquired company reported sales of $13.9 million in 2020, according to Trelleborg.
"VB Seals is a good fit to our culture and business model," said Peter Hahn, president of the Trelleborg Sealing Solutions business area.
The company, according to Hahn, works closely with customers and offers them several value-added services, such as kitting, assembly and materials testing.
"The acquisition gives us an improved sales and service platform in an important market and further strengthens our ServicePLUS Center business model," he added.
ServicePLUS is a TSS program that covers enhanced services—such as engineering, manufacturing, procurement and aftermarket—to match customers' needs throughout the value chain.