Datwyler completes Parco acquisition in the Sealing Solutions division
On 5 October 2018, Datwyler Group completed the acquisition of Parco Inc., previously announced on 3 September and, as a result, now owns the US company based in Ontario, California.
With its acquisition of Parco, Datwyler is opening up access to several strategically attractive new industries for the Sealing Solutions division, particularly oil and gas, as well as aerospace, water filtration, farm, construction and fuel-dispensing. At the same time, Datwyler is significantly expand-ing its existing O-ring business, which it acquired in its 2015 takeover of Origom.
Targeted cross-selling of existing Datwyler products to Parco’s current customers and vice versa will enable both companies’ profitable growth to be accelerated. Datwyler is also strengthening its presence in the USA, a key market. With some 275 staff Parco generates annual revenue of some CHF 60 million and is on a profitable growth path.
Datwyler Group (www.datwyler.com)
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. The Technical Components division is one of Europe’s foremost high-service distributors of maintenance, automation, electronic and ICT components and accessories. With a total of some 50 operating companies, sales in over 100 countries and more than 8’000 employees, the Datwyler Group generates annual revenue of some CHF 1’300 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
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Enquiries: Guido Unternährer, Head of Corporate Communications, +41 41 875 19 00
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Annual Press Conference and Analyst Conference: 8 February 2019
Annual General Meeting: 12 March 2019
Interim Report 2019: 13 August 2019