The 2020 Mid-Year Economic Update_long

ERIKS Adds Gaskets to Core Capabilities

ERIKS has acquired Seals, Packings &Gaskets Ltd. in the United Kingdom. SPG sells gaskets, rubber and moulded parts. It has sales of GBP7 million (US$13.7 million at current exchange rates).
 
SPG is strong in the OEM heating and boiler market, but also has significant business in the OEM pump sector and across MRO markets including power, automotive and food.
 
Sales by product group broken down: gaskets, 41%; moulded parts, 38%; rubber (cut parts and sheet), 15%; and miscellaneous products and services, 6%.
 
With this acquisition, ERIKS adds gaskets and moulded parts to its current core product areas power transmission, sealing technology, hoses and electro mechanical repairs. With the acquisition of Econosto in May 2008, ERIKS now also offers valves in ...

ERIKS has acquired Seals, Packings &Gaskets Ltd. in the United Kingdom. SPG sells gaskets, rubber and moulded parts. It has sales of GBP7 million (US$13.7 million at current exchange rates).
 
SPG is strong in the OEM heating and boiler market, but also has significant business in the OEM pump sector and across MRO markets including power, automotive and food.
 
Sales by product group broken down: gaskets, 41%; moulded parts, 38%; rubber (cut parts and sheet), 15%; and miscellaneous products and services, 6%.
 
With this acquisition, ERIKS adds gaskets and moulded parts to its current core product areas power transmission, sealing technology, hoses and electro mechanical repairs. With the acquisition of Econosto in May 2008, ERIKS now also offers valves in the UK.

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