HAMPTON, ENGLAND — Wellington Holdings plc has acquired U.S. industrial seals maker Dynamic Seals Inc. for $8.5 million.
Wellington of Hampton makes products ranging from fluid power seals and tire retreading compounds to polycarbonate sheet and floor tiles. The firm said the U.S. acquisition complements its existing North American Hallite seal operations.
Wellington Chief Executive Officer Peter Chaffin said Dynamic will allow it to expand its world sales and fits ``with minimum product and customer overlap.''
Dynamic of Troy, Mich., makes a range of nylon wear rings, precision bearings and a unitized piston. It serves original equipment suppliers in the construction and agricultural sectors.
Dynamic made pre-tax profit of $1.21 million for the fiscal year ended in September.
Wellington, with units in Canada, the United States, Germany, Italy and Australia, reported 1995 sales of $101.75 million with pre-tax profit of $8.3 million.