HOUSTON (Dec. 1, 2010)—Freudenberg Oil & Gas, part of the Freudenberg Group, is acquiring 100-percent ownership of Offshore Seals (Asia) Pte. Ltd.
The contract was signed in Singapore where Offshore Seals is headquartered.
The Freudenberg Group said it is pursuing growth in the oil and gas industry as a strategic initiative to expand its sealing technology business.
Offshore Seals makes specialized seals for the upstream segment of the oil and gas industry. The company designs and produces a comprehensive range of elastomeric seals and O-rings with both standard and custom profiles, and has been serving customers in Southeast Asia since 1996.
Freudenberg said Offshore Seals had sales of about $6.5 million in 2009, and employs 35 in Singapore.