Sweden's Trelleborg to acquire US distributor Lutz Sales

21 December 2010 14:44  [Source: ICIS news]

TORONTO (ICIS)--Trelleborg has agreed to buy US precision seals and rubber components distributor Lutz Sales, the Sweden-based polymer technology firm said on Tuesday.

Chicago-based Lutz had annual sales of about Swedish kronor (SKr) 100m ($15m) and employed a staff of 50, Trelleborg said, without disclosing the acquisition price.

Trelleborg expected to complete the deal by the end of the current fourth quarter, it added.

($1 = SKr6.85)

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By: Stefan Baumgarten
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