ERJ staff report (DS)
Houston, Texas -- Freudenberg Oil & Gas, part of the Freudenberg Group, is to acquire 100 percent ownership of Offshore Seals (Asia) Pte Ltd. The contract was signed in Singapore where Offshore Seals is headquartered.
The Freudenberg Group is pursuing growth in the oil and gas industry as a strategic initiative to expand its sealing technology business.
Offshore Seals makes specialised seals for the upstream segment of the oil and gas industry. The company designs and produces a comprehensive range of elastomeric seals and O-rings with both standard and custom profiles. It has been serving customers in Southeast Asia since 1996.
Offshore Seals achieved sales approaching US$6.5 million in 2009. The company is ISO 9001 certified and maintains current American Petroleum Institute (API) licenses API 6A/17D/Q1 for oil and gas drilling and production equipment. It employs 35 people in Singapore.
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Press release from Freudenberg