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  5. System Seals Acquires Plastoseal Produktions

M&A Deal Summary

System Seals Acquires Plastoseal Produktions

On June 24, 2019, System Seals acquired manufacturer Plastoseal Produktions

Acquisition Highlights
  • This is System Seals’ 1st transaction in the Manufacturing sector.
  • This is System Seals’ 1st transaction in Austria.

M&A Deal Summary
Date 2019-06-24
Target Plastoseal Produktions
Sector Manufacturing
Buyer(s) System Seals
Deal Type Add-on Acquisition

Target

Plastoseal Produktions

Leoben, Austria
Plastoseal Produktions GmbH is a manufacturer of seals and plastic components used in industrial applications. Plastoseal Produktions was founded in 2005 and is based in Leoben, Austria.

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Buyer(S) 1

Buyer

System Seals

Cleveland, Ohio, United States
Category Company
Founded 1995
Sector Manufacturing
DESCRIPTION

System Seals is an international seal manufacturer that works in close collaboration with OEMs and maintenance-and-repair customers. System Seals' Engineering Center uses state-of-the-art testing and design tools to identify and overcome weaknesses in stock seals while developing new ways to optimize cylinder performance. System Seals was founded in 1995 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2019 M&A 1 of 1
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