Trelleborg Acquires Leading Supplier of Composite Hoses

Source: www.gulfoilandgas.com 3/5/2021, Location: Europe

Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the Dutch company, Gutteling Group BV. The company develops and sells composite hoses to the chemical industry and is the market leader in hoses for Liquefied Natural Gas (LNG) ship-to-ship transfer. The acquisition complements Trelleborg’s industrial hose, and specifically, composite hose, offering. Composite hoses are mainly used for aggressive chemicals, such as chlorine, sulfuric acid, biofuels and LNG.

Gutteling has its head office and production in Rotterdam, the Netherlands, with production in the Czech Republic, as well as a sales office in the US. Total sales amounted to about SEK 115 M in 2020.

“I am delighted to welcome Gutteling to Trelleborg. We have a long-standing business relationship and recognize the company as an innovative supplier of high-quality hoses and fittings for demanding environments. The addition of Gutteling reinforces our position as a system provider in LNG transfer, while also strengthening us in the aftermarket. We can also see sales synergies between the company and our existing composite hose offering,” says Jean-Paul Mindermann, President of the Trelleborg Industrial Solutions business area.

The transaction will be consolidated as of March 4, 2021.


Denmark >>  6/27/2022 - As the global leader in wind energy, Vestas plays a leading role in providing the solutions and services needed to accelerate the energy transition. T...
United States >>  6/27/2022 - Primoris Services Corporation has entered into a definitive merger agreement to acquire PLH Group, Inc. (“PLH Group” or “PLH”) in an all-cash transact...

Australia >>  6/23/2022 - It was announced that MMA Offshore Limited has entered into an agreement to acquire Subcon International Pty Ltd through the acquisition of 100% of Su...
Denmark >>  6/23/2022 - Noble Corporation (NE) ("Noble") and The Drilling Company of 1972 A/S (DRLCO), collectively with Noble, the "Parties," provided an update on the ongoi...

Norway >>  6/22/2022 - Lundin Energy AB would like to remind shareholders that 23 June 2022 is the ex-dividend date in relation to the transaction with Aker BP. Therefore, 2...
United States >>  6/22/2022 - Atkore Inc. has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom,...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.