Trelleborg has, through its Trelleborg Sealing Solutions business area, closed on the acquisition of Tritec Seal which produces engineered polytetrafluoroethylene (PTFE) sealing solutions. The acquisition strengthens Trelleborg’s product portfolio, primarily in rotary seals, while giving the business area access to increased manufacturing capacity.
Headquartered in Fenton, Mich., with additional manufacturing in Giddings, Texas, Tritec Seal generated sales of $31 million in 2018. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its position in attractive market segments, including oil and gas and agriculture.
“I am delighted to welcome Tritec Seal to Trelleborg. The added manufacturing capacity will help us address increased market demand for PTFE seals while expanding our product portfolio and engineering expertise,” said Kent Bergenholtz, president, global operations engineered plastics of Trelleborg Sealing Solutions.
“Combining Tritec Seal’s service model for the maintenance, repair, and operations market with Trelleborg’s ServicePLUS offering, enables us to offer superior service to our local customers. The added manufacturing capacity will also aid in decreasing turnaround time for small production runs and enable us to get prototypes to market faster. The move also enables current mutual customers to simplify their purchasing processes through vendor consolidation,” said Linda Muroski, business unit president of Trelleborg Sealing Solutions.
The transaction closed on Nov. 27. Terms of the deal were not disclosed.
Recommended Reading
Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
2025-01-23 - Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data.
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Oxy CEO: US Oil Production Likely to Peak Within Five Years
2025-03-11 - U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.