Klinger Acquires Major European Seals Manufacturer
The deal for Acorn Seals, Scottish based hydraulic sealing company, for an undisclosed sum was announced on Friday 30 September and will create a Klinger distribution and customer service operation in Grangemouth, serving a thriving offshore oil industry.
The move is set to increase Klinger’s £2 million hydraulic seals division to £10 million by 2015, to compliment recent advances in the aerospace and pharmaceutical industries.
Acorn’s team of 25 engineering and production staff have transferred to Klinger and more recruitment is planned.
Managing Director, Alan Bates, comments:
“Acorn Seals has built a substantial distribution business across the UK and adds tremendous knowledge and experience to our operation, particularly in offshore installations. Our aim is to at least quadruple our existing hydraulic seals business over the next four years.”
David Brealey, Klinger Acorn Product Manager Hydraulic Seals said:
“Klinger’s investment in the latest design and manufacturing technology for hydraulic seals, gives our customers across the UK and Europe real added value. The company has long been recognised as an innovative product developer and quality manufacturer in the UK and we’re delighted to be joining the team.”