TRELLEBORG, Sweden—Trelleborg Industrial Solutions has acquired Gutteling Group B.V., the Swedish company announced March 5.
Gutteling supplies composite hoses to the chemical industry and claims to be a market leader in hoses for LNG (liquefied natural gas) ship-to-ship transfer.
The $13.5 million sales business complements Trelleborg's industrial offerings. Composite hoses mainly are used for aggressive chemicals, such as chlorine, sulfuric acid, biofuels and LNG.
Gutteling has its head office and production in Rotterdam, Netherlands, with production in the Czech Republic, as well as a sales office in the U.S., Trelleborg said.
"We have a long-standing business relationship and recognize the company as an innovative supplier of high-quality hoses and fittings for demanding environments," Jean-Paul Mindermann, president of Trelleborg Industrial Solutions, said in a statement.
Gutteling, he added, "reinforces our position as a system provider in LNG transfer, while also strengthening us in the aftermarket. We can also see sales synergies between the company and our existing composite hose offering."