Trelleborg Offshore & Construction, part of the Sweden-based global engineering group Trelleborg, has announced that it has completed the acquisition of the US-based privately-owned manufacturer Maritime International, Inc.
Trelleborg, which has annual sales of about SEK 22bn (US$2.6bn) in 44 countries, said that it hopes the acquisition will strengthen its presence in berthing, docking and mooring in North America.
Richard Hepworth, president of Trelleborg’s marine systems operation, said: “We’re committing significant resources to our business in North America, having recently opened our new American headquarters in Berryville, Virginia.”
He added: “There are already many synergies in the approach that both companies take to safety and technology.”
Maritime International has sales of around US$23.8m, employs around 90 people and has its head office and main manufacturing facility in Broussard, Louisiana, selling primarily into the North American market.
In addition to its main facility,the company has a secondary quayside fabrication yard in Port of Vermilion, Louisiana, where larger fabricated structures can be loaded out directly onto barges.
David LeBlanc, president at Maritime International, said: “We’ve built a strong reputation in North America and now, boosted by the financial strength of Trelleborg, we look forward to continuing to provide the excellent products and services that customers from both legacy companies have come to expect.”