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)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections