ERIKS Acquires Hertel Industrial Sealings
FromExecutive board ERIKS nv
Telephone+31-72 54 75 888
Date28 November 2011
SubjectERIKS ACQUIRES HERTEL INDUSTRIAL SEALINGS
About Hertel Industrial Sealings (HIS)
Hertel Industrial Sealings is a specialized part of the Hertel Group and a highly stand alone operation within the Hertel Group. HIS has a strong market position in gaskets in the Netherlands and Belgium. Within ERIKS, HIS will strengthen the existing gasket business of ERIKS in the Netherlands and Belgium. HIS has a nice operation in the important German Ruhr area. The company generates annual sales of € 23 million with approx. 100 employees.
Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology; sealing technology; bearing and power transmission, including electromechanical services and condition monitoring; industrial plastics; and tools and maintenance products. ERIKS currently consists of more than 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion (USD 1.6 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a private-held family company with net sales in 2010 of €16.0 billion (USD 23.1 billion). For more information please visit www.eriks.com