Trelleborg buys Norwegian rubber company
Stockholm, Sweden - Through its Engineered Systems business area, Trelleborg AB has signed an agreement to acquire Mehren Rubber A/S, with approximately 30 employees and annual sales of about SEK 65 M (Euro 7.1 million). The company is privately held and is located in Sande (20 km south of Drammen), Norway.
Trelleborg said Mehren Rubber is a niche-oriented contract producer of down-hole packers (oil/gas extraction equipment for sealing the area between the tubing and the wall of the wellbore) for Easywell, a global company within Halliburton that has entered the down-hole packer market with great success. The main product, "Swell Packer", uses the specific properties of rubber in projects requiring reliable and cost-effective zonal isolation technology. Swell Packer's flexible rubber seal is a virtually organic solution to reduce or eliminate gas and water breakthrough.
"Mehren fits in well with our ambitions to expand in the offshore business," says Lennart Johansson, President of Trelleborg Engineered Systems. "The products complete our current portfolio, and there are obvious organisational synergies."
The acquisition is expected to be completed in the third quarter of 2006.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Trelleborg
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive