Trelleborg to Acquire TRITEC Performance Solutions

Trelleborg, Sweden, November 27, 2019– Trelleborg Sealing Solutions, a business unit of Trelleborg AB, signed an agreement and finalized the acquisition of U.S.-based TRITEC Performance Solutions (“TRITEC” or “The Company”). The Company offers engineered polytetrafluoroethylene (“PTFE”) sealing solutions and assembly for a large number of applications. The acquisition strengthens Trelleborg’s product portfolio, primarily in rotary seals, while giving the business unit access to increased manufacturing capacity and capabilities.

Based in Fenton, MI, TRITEC serves as a value-add manufacturer and service provider of custom PTFE seals and engineering and design services for the industrial, oil & gas, automotive, motorsport and food and beverage industries, among others. TRITEC’s PTFE-based product offering provides exceptional wear characteristics, enabling rotating equipment to run at higher RPMs, wider temperature ranges and higher pressures than typical elastomeric seal products. The Company’s engineering and design services are supported by differentiated material science capabilities related to the blending, molding and sintering of custom PTFE compounds enabling the Company to serve as a custom solutions provider for demanding applications.

The Company is also the largest independent provider of PTFE billets (material from which seals and other critical components are made) in the U.S. with capabilities to produce billets from both proprietary PTFE compounds and processes and compounds blended in accordance with ASTM standards.

TRITEC is majority owned by Edgewater Capital Partners. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.

“I am delighted to welcome TRITEC to Trelleborg. With the addition of TRITEC, we can increase our production and offering of PTFE seals. Along with TRITEC’s service model for the maintenance, repair and operations (MRO) market and our Service Plus offering, we are also gaining a strong offering for local original equipment customers,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.

About Trelleborg Sealing Solutions a Business Unit of Trelleborg Group
Founded in 1952, Trelleborg Sealing Solutions was previously a part of the Smiths Group’s precision seals business. This business, Polymer Sealing Solutions, consisted of four rubber units, Busak+Shamban, Dowty Automotive, Shamban and Forsheda. In 2003, Polymer Sealing Solutions was acquired by Trelleborg AB. The name Busak+Shamban remained with all marketing locations, but the manufacturing locations became known as Trelleborg Sealing Solutions. As of April 2, 2007 the Busak+Shamban name was retired, with all locations being brought under the Trelleborg Sealing Solutions umbrella.

Trelleborg AB is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 34 billion (EUR 3.31 billion, USD 3.91 billion) in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech.

Additional information about Trelleborg Sealing Solutions is available at  https://www.tss.trelleborg.com/en/about-us/global-facts.

About TRITEC Performance Solutions
TRITEC provides a comprehensive suite of mission critical solutions to improve the efficiency and performance of rotating equipment.

TRITEC has developed deep expertise in developing custom blended PTFE compounds which are coupled with proprietary molding and sintering process to create optimal PTFE products for customer specific applications. TRITEC stocks over 250 different PTFE and modified PTFE blends to provide rapid prototyping and some of the fastest lead times in the industry.

The Company’s product offering is comprised of PTFE seals, billets, critical components and assemblies, all of which serve mission critical purposes of reducing the leakage of contaminants and inhibiting corrosion and fatigue that can reduce the efficiency and / or potentially damage the equipment in which the seals and critical components are used.

TRITEC was acquired in 2012 by Edgewater Capital Partners, a private equity firm located in Cleveland, Ohio.

Additional information about TRITEC is available at  https://www.tritec-ps.com/about-us/.

About Edgewater Capital Partners

Edgewater is a Cleveland based, sector-focused private equity firm making investments in middle and lower middle-market performance materials businesses, specifically specialty chemicals, life sciences, and engineered components and materials verticals. For additional information on Edgewater, visit the firm’s website at www.edgewatercapital.com or email at info@edgewatercapital.com.