Acquisition of Advanced Sealing in the United States
Executive board ERIKS nv
+31-72 54 75 888
8 July 2014
ACQUISITION OF ADVANCED SEALING IN THE UNITED STATES
ERIKS acquired Advanced Sealing by 30 June 2014, through its wholly owned operating company Lewis-Goetz, a leading Pittsburgh-based industrial service provider of a variety of industrial products, including fabricated hose, conveyor belts, valves and gaskets, is pleased to announce the acquisition of Advanced Sealing.
Advanced Sealing is a full-spectrum manufacturer and distributor of fluid sealing products to refining, chemical processing, power generation and wastewater treatment facilities. A premier sealing house to customers looking for new solutions to age old problems, Advanced Sealing provides a broad product mix including metallic and non-metallic flange gaskets, valve packings, metallic and elastomeric hoses, stud bolts, hex nuts, steam traps and heat exchanger gaskets. Advanced Sealing has a special focus on fugitive emission products, proven to meet and exceed today’s demanding LDAR sealing standards. Advanced Sealing was incorporated in 1988 and has US based facilities located in Cerritos, California and Pascagoula, Mississippi.
The acquisition of Advanced Sealing provides high quality products and a professional, customer-focused workforce, further strengthening the solutions-based approach of Lewis-Goetz.
Lewis-Goetz is part of the ERIKS Group of companies, one of the world's largest industrial distributors. With annual sales in excess of $800 million, the North American entities of the ERIKS group ranks among the top 20 industrial distributors according to Modern Distribution Management's 2014 list of market leaders.
Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of engineering components and related technical and logistics services. ERIKS’ current product range is divided into five core activities: flow technology, sealing and rubber technology, industrial plastics, power transmission and bearings, and tools, maintenance and safety products. ERIKS currently consists of more than 60 companies with 450 branches in 27 countries, serving over 200,000 customers in the MRO, OEM, and project distribution business. In 2013, ERIKS generated net sales of approx. €1.8 billion (USD 2.3 billion) with 7,500 employees. ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €20.0 billion (USD 25.6 billion) in 2012.