Mittelstandspresse
03.05.2024
Freudenberg Sealing Technologies Strengthens Service Business
Freudenberg Xpress® acquires Trygonal Group
Weinheim (Germany), 03.05.2024 (PresseBox) - Sealing manufacturer Freudenberg Sealing Technologies has acquired the Trygonal Group effective April 30, 2024, strengthening its global business unit Freudenberg Xpress®, an expert in small and medium batch sizes, rapid prototyping, and customer-specific sealing solutions. The acquisition is an important milestone in the current corporate strategy to increase the service business. The parties have agreed not to disclose the purchase price. The takeover is still subject to approval by the antitrust authorities.
The Trygonal Group recently generated annual sales of over 30 million euros. 220 employees at eight locations in Germany, Spain, Austria and in Switzerland produce high-quality, customized sealing solutions in the areas of thermoplastics, elastomers and rubber-metal compounds using a wide range of manufacturing processes.
"The acquisition of the Trygonal Group strategically expands the current Freudenberg Xpress® service offering," explains Sebastian Grünschloß, Vice President Global Freudenberg Xpress® & Service Platforms. "Thanks to the expanded regional coverage and additional manufacturing capabilities, we can significantly increase our service offering."
With the acquisition, Freudenberg Xpress® is thus further expanding the capacities of its existing core business with CNC-turned products. "In addition, complementary manufacturing processes for small and medium production volumes will allow us to increase our service promise in the area of customer-specific product solutions," Grünschloß continues.
The acquisition also allows a significantly expanded range of Freudenberg's own materials to be included in the Freudenberg Xpress® portfolio, explains Grünschloß. "Freudenberg's materials competence and expertise are currently more in demand than ever. It is therefore a strategic decision for Freudenberg Xpress® to make even greater use of this capability in order to offer even better solutions tailored to the customer."
Ansprechpartner
Cheryl Eberwein
+1 (734) 354-5373
Zuständigkeitsbereich: Director, Media Relations
Ulrike Reich
+49 (6201) 80-5713
Zuständigkeitsbereich: Head of Media Relations
Über Freudenberg FST GmbH:
Freudenberg Sealing Technologies is a longstanding technology expert and market leader for sophisticated and novel applications in sealing technology and electric mobility solutions worldwide. With its unique materials and technology expertise, the company is a proven supplier for demanding products and applications, as well as a development and service partner to customers in the automotive industries and in general industries. In 2023, Freudenberg Sealing Technologies generated sales of about 2.55 billion euros and employed more than 13,000 people. More information at www.fst.com.
The company is part of the global Freudenberg Group which has four business areas: Seals and Vibration Control Technology, Nonwovens and Filtration, Household Products as well as Specialties and Others. In 2023 the Group generated sales of more than 11.9 billion euros and employed more than 52,000 associates in around 60 countries. More information is available at www.freudenberg.com.
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Freudenberg Xpress® is part of Freudenberg Sealing Technologies and manufactures high-quality CNC machined seals from Freudenberg materials and profiles for industries such as fluid technology, process industry, heavy industry and agriculture.
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