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2006-04-06 News Headlines

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SKF acquires US polyurethane and plastics industrial seals unit

Macrotech Polyseal, a leader in fluid power seals based on polyurethane technologies and engineered plastics, to become part of the Automotive Division of SKF Sealing Solutions.

SKF has acquired 51% of the shares of the North American seals company Macrotech Polyseal Inc.

As part of the agreement SKF will acquire the remaining 49% within three years. Macrotech is a leader in fluid power seals based on polyurethane
(PU) technologies and engineered plastics (mainly PTFE -
PolyTetraFluoroEthylene) for the industrial customers in the US market.

Macrotech Polyseal Inc. (MPI) produces over 28 lines of rod seals, Piston seals and wipers, including thousands of special problem-solving seals. Products are manufactured from Polyurethane, a wide variety of high performance elastomers and over 30 PTFE and UHMW polyethylene compounds.

MPI has been in business since 1973, with a customer focus in the fluid power and fluid processing industries and is based in Salt Lake City, Utah, with two factories and 397 employees. Yearly sales amount to approximately USD 33 million (SEK 250 million). The purchase price for 51% of the shares of the company was approximately USD 21 million (SEK 160 million).

The product range comprises mainly injection molded PU hydraulic seals. The biggest customer segments are fluid power (mainly hydraulics) and process equipment. Some 95% of Macrotech's customers are to be found in the North American market.

This acquisition strengthens SKF's position in industrial seals by bringing to the Group new products and new technologies. Geographically, SKF's global organization will also be able to bring Macrotech's products to markets outside North America.

MPI will be part of SKF Sealing Solutions, a unit within the Automotive Division that is responsible for the development, manufacturing and sales of all seals within the Group, excluding the aerospace seals.

Find information about SKF.

SKF is the leading global supplier of products, customer solutions and services in the rolling bearing, seals business and related businesses.

Read a recent press release from SKF about; 'Mr. Bo-Inge Stensson has been appointed Senior Vice President, SKF Group Demand Chain, which incorporates Supply Chain and Purchasing.'

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