STOCKHOLM, Sweden (Dec. 21, 2010)—Trelleborg Sealing Solutions is set to buy U.S.-based Lutz Sales Inc., a privately owned distributor of seals.
Lutz has yearly sales of about $14.6 million and about 50 employees.
Lutz Sales has its headquarters and warehouse in the Chicago area. The company is a distributor of a broad range of precisions seals and customer specific rubber components into the North American market. The company has a well established customer base and is primarily strong within the food and beverage and pharmaceutical industries.
The acquisition is expected to be completed during the fourth quarter of 2010.