TRELLEBORG, Sweden (Oct. 6)—Trelleborg A.B. is acquiring a Norwegian pipe seal manufacturer in a deal designed to help improve Trelleborg's access to the expanding aftermarket in the Nordic region.
Trelleborg has agreed to buy for an undisclosed sum the pipe seal activities of Batek S.A. of Spydeberg, Norway, which generated $1.2 million in sales last year.
In building products, Trelleborg offers both polymer- and bitumen-based components for sealing and waterproofing in industrial and consumer sectors. It claims to be a market leader in sealing profiles in Europe.
Trelleborg Building Systems has annual sales of about $284 million with manufacturing in Sweden, Denmark, Finland, Poland, Germany, Spain and the United Kingdom.