Weinheim, June 30, 2015. The Freudenberg Group is expanding its competence in gas seals on the Chinese end user market. EagleBurgmann, a joint venture of Freudenberg and the EKK Group, has acquired Tianjin Nibot Seal Technology Co. Ltd., in Tianjin, northeast China, with immediate effect. The company is an experienced specialist in the maintenance, retrofit, repair and service of gas seals used, e.g., in the oil & gas, petrochemical and chemical industry sectors. Over many years it has earned itself a very good reputation among international end users on the northeast coast of China.
"With this acquisition, EagleBurgmann is noticeably boosting its strategic alignment towards end user business in China and becoming even more competitive," Dr. Mohsen Sohi, CEO of the Freudenberg Group, commented. "In addition to our successful business with compressor manufacturers, our newly acquired experts now allow us to offer even better and more long-term service for gas seals."
EagleBurgmann has more than 13 offices and service centers in China located in industrial conurbations such as Beijing, Dushanzi, Guangzhou, Nanjing, Ningbo, Shenyang, Tianjin, Wuhan, Xinjiang, Xi'an, Yulin or Zibo. As a result, the new subsidiary Tianjin Nibot Seal Technology, which owns numerous patents and licenses and is a listed supplier with major operators, has access to a comprehensive network of locations. "We have further extended our opportunities and growth possibilities in the oil & gas or petrochemical markets with this acquisition. Our mutual engineering and production know-how combined with a strong service orientation enable us to decisively expand our position as a provider of high-tech seal technology," Dr. Stefan Sacré, CEO EagleBurgmann, said.
About the Freudenberg Group
The Freudenberg Group is a family company offering its customers technically challenging product solutions and services. The Group develops and manufactures seals, vibration control components, filters, nonwovens, products for surface treatment, release agents and specialty lubricants, medical and mechatronic products. Especially for mid-size companies Freudenberg develops software solutions and IT services. The end-user can find modern mechanical household cleaning products from Freudenberg in the shops under the brand names of vileda®, O-Cedar®, Wettex®, Gala®, Marigold® and SWASH®. The Freudenberg Group employed more than 40,000 people in about 60 countries and generated sales of more than €7 billion in 2014 (including pro-rata consolidation of our 50:50 joint ventures). For further information, please go to www.freudenberg.com.
About EagleBurgmann
EagleBurgmann figures among the internationally leading companies for industrial sealing technology. The joint venture between the Freudenberg Group and the Japanese EKK Group manufactures and markets high-quality products, which are installed wherever safety and reliability are major considerations in the sealing of demanding mediums under the most challenging technical conditions, for example in the oil and gas, refinery, chemical, pharmaceutical, energy, food processing, paper, water, shipbuilding, aerospace, and mining industries. In 2014, the company generated sales of around €765 million and employed some 6,000 people at more than 70 subsidiaries operating from 250 locations.