BARNSLEY, England (Aug. 6, 2008) — A Dutch holding company has acquired gasket and molded rubber parts maker Seals, Packings & Gaskets Ltd.
SPG employs about 52 and reported sales of $15.4 million in 2007. The firm focuses on the heating and boiler business, and makes and sells gaskets, molded goods and sheet rubber.
ERIKS said the deal gives its United Kingdom business a new core activity next to its current core business of power transmission, sealing technology, hoses and electro mechanical repairs. ERIKS also owns tire drum manufacturer, Wyko.