Cleveland-based System Seals Inc., a research-based seal manufacturer, has acquired Plastoseal Produktions GmbH in a move intended to enhance its ability to manage supply chain logistics for seal customers worldwide.
Plastoseal, an Austrian-based seal manufacturer focused on highly engineered sealing solutions, has developed into a market leader in European seal manufacturing under the leadership of Wolfgang Kerschbaumer, who will continue as the company's managing director.
The transaction marks System Seals’ second acquisition in three years, after it acquired Arc Seals of Cleveland. The company says it will continue to seek strategic acquisitions and partnerships in targeted regions throughout the world.
