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)

For more on Trelleborg and other producers visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index