Trelleborg Acquires CoorsTek Subsidiary
By Alex Brown | Inside INdiana Business
Fort Wayne -
Fort Wayne-based Trelleborg Sealing Solutions has completed its acquisition of the California-based subsidiary of CoorsTek Inc. Financial terms of the deal were not disclosed.
CoorsTek manufactures high-performance seals and bearings for the aerospace industry. Trelleborg says the acquisition will further strengthen its sealing solutions for major aircraft programs.
"We are excited because this acquisition provides our customers with an even wider product range that meet MS and SAE standards and further increases our U.S. market share," said Gregory Jones, general manager of Trelleborg Sealing Solutions Aerospace Hub Americas. "Additionally it is a testament to our dedication to aerospace customers that want to partner with their supplier, receive great service, high quality products and world-class engineering collaboration."
Trelleborg did not state whether any jobs would be affected by the deal.