Trelleborg Acquires Smiths Precision Seal Business
Trelleborg, based in Sweden, completed the acquisition of Smiths precision seal business on October 1, 2003. Regulatory authorities, including regulatory agencies of the European Union and the United States, granted the necessary approvals. Smiths precision seal business is comprised of several companies operating under the umbrella of Polymer Sealing Solutions group (PSS). PSS develops, manufactures and markets security-critical polymer-based precision seals and systems. PSS operates primarily within four market segments: industrial applications (Busak+Shamban), the automotive industry (Dowty Auto), the aerospace industry (Shamban) and pipe seals (Forsheda). PSS is among the three market leaders in Europe or the US in all four of these segments.
New Managing Director at Kelvin Hughes
Kelvin Hughes has appointed Ron Nailer as the new managing director of Kelvin Hughes Ltd., succeeding Dr. Martin Jones, who has returned to the parent company - Smiths Group Plc head office - to pursue his responsibilities as director of Technology and Innovation of Smiths' Industrial Group. Nailer leaves his current post as divisional managing director for the Dowty aviation support and electronics distribution companies, which Smiths acquired via its merger with TI last year.