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Simrit Expands Oil and Gas Industry Capabilities Through Acquisition

Posted on: Tuesday, 17 June 2008, 15:00 CDT

PLYMOUTH, Mich., June 17 /PRNewswire/ -- Simrit, a division of Freudenberg-NOK, announced the acquisition of the assets of the Tetralene companies of Houston, Texas, a developer and manufacturer of specialized custom sealing components for the oil and gas industry. Terms of the agreement were not disclosed.

Tetralene manufactures custom high-performance thermoplastic and elastomeric components that range in diameter from 1/64" through 72". Their products include custom spring energized seals as well as complete seal stack solutions for the most demanding applications and environments. Tetralene is a full-service supplier, providing mold design and material testing while producing a wide range of machined thermoplastic and custom molded elastomeric seals, packing and components for high temperature and/or high pressure environments. They also bring a new and unique process for fabricating PEEK components to the Freudenberg-NOK manufacturing portfolio.

Tetralene's Robert Costolnick will become the new Lead Center Manager and will facilitate the move into a larger, Houston-based facility that will position the organization for future growth. "We have always felt that our employees make the difference," Robert said. "Our talented associates and proven processes, matched with the resources and stability of a global company like Freudenberg-NOK, provide a distinct advantage to our customers."

Those customers will be serviced through the Simrit sales division of Freudenberg-NOK. "The products produced by Tetralene are a perfect complement to Simrit's existing activities in the energy sector," stated Dave Monaco, president of Simrit. "We currently produce oil and gas components in the U.S., Canada, Norway and Scotland and this acquisition exemplifies our commitment to grow in the global oil and gas market."

The Simrit Division is based at Freudenberg-NOK's headquarters in Plymouth, Mich. Freudenberg-NOK is part of the Freudenberg and NOK Group Companies, which have total annual sales of more than $12 billion. Simrit offers an extensive portfolio of precision-manufactured products for the semiconductor, aerospace, appliance, diesel engine, marine, off-highway equipment, oil and gas, and recreational vehicle markets.

For more information, visit the Simrit website at http://www.simrit.com/ .

Simrit

CONTACT: Adriana Ferrari, aferrari@bianchipr.com, or Jim Bianchi,jbianchi@bianchipr.com of Bianchi Public Relations, +1-248-269-1122; or TimLomax of Simrit, +1-734-354-5336, tim.lomax@simrit.us

Web Site: http://www.simrit.com/

Source: PRNewswire

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