Trelleborg, Sweden --Trelleborg AB has agreed to buy certain assets related to tunnel seals from UK-based VIP-Heinke Ltd. that will allow Trelleborg to expand its product offering in this area.
Terms of the deal were not disclosed. The acquired assets, which generate about $4 million in annual sales, will be integrated into Trelleborg Engineered Systems' existing tunnel-seals operations. The acquired assets are expected to contribute positively to earnings this year, Trelleborg said.
Huntingdon, England-based VIP-Heinke makes a range of moulded tunnel-sealing gaskets designed for precast concrete, steel and cast iron segments. With this acquisition, Trelleborg Engineered Systems will be able to offer a full range of tunnel seals for both bored and immersed tunnels, said the company.
Trelleborg last expanded this business in 2002, buying the tunnel seals business of Holland's Vredestein NV.
Press release from Trelleborg