Rubber & Plastics News, November 12th, 2007
Byline: Brad Dawson Automotive and industrial seal manufacturer Freudenberg-NOK G.P. has acquired the assets of Precision Industries Corp. to provide custom diaphragm production capabilities, particularly to supply the North American market. The deal, the terms of which were undisclosed, makes sense for both companies in that Plymouth-based Freudenberg-NOK was seeking a North American footprint for the diaphragm segment and Precision needed sales and marketing power to build its business, said Jorg Schneewind, general manager of Freudenberg-NOK's Special Sealing Products Division. The compa...
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