Trelleborg, Sweden – Trelleborg Industrial Solutions has assumed full ownership of its Max Seal joint venture in Latin America.
The company acquired a 51% stake in the Costa Rica-headquartered maker of polymer-based sealing systems in 2014.
In a statement on 5 Feb, Trelleborg said it had purchased the remaining 49% of the shares in Max Seal.
Trelleborg will be consolidating the business into its Americas seals and profiles operation.
Max Seal develops and manufactures polymer-based sealing systems, including rubber gaskets for water pipes.
The company has a sole production plant…