Trelleborg to buy tunnel seals assets of VIP-Heinke

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…

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