30 August 2012
Houston, Texas, August 30, 2012 - Freudenberg Oil & Gas announced that it has acquired Scott-Matrix Ltd., a Newcastle, UK based manufacturer of elastomeric sealing solutions for the oil and gas industry. Scott-Matrix is known for its custom manufacturing service for a wide range of products for the upstream oil and gas segment.
"Acquiring Scott-Matrix Ltd (SM) is consistent with our strategy to provide innovative sealing solutions and differentiated seal products to customers in the upstream segment of the oil and gas market," said Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas. "Their commitment to customer service and good management practices, demonstrated by their ISO 9001:2008 accreditation, is parallel to our objective at Freudenberg Oil & Gas to be the global leader in sealing technology for the upstream oil and gas market."
This acquisition compliments the company's core competencies of Materials Science, Process Control and Manufacturing Excellence.
Under the agreement signed today, Scott-Matrix founder David Scott and the current staff will remain with the company.
About Freudenberg Oil & Gas
Freudenberg Oil & Gas is a global solutions provider of innovative seal solutions and differentiated seal products to the upstream oil & gas industry. A unique Materials and Products Testing Facility in Houston, Texas provides material development and in-house product verification testing and analysis for our sealing solutions and proprietary customer projects. Focused on the exploration and production segment, Freudenberg Oil & Gas serves a wide range of customers including oil and gas producing companies, original equipment manufacturers (OEMs) and engineering and service companies that provide technologies, equipment and services for producing oil and gas from land based and offshore platforms throughout the world. Headquartered in Houston, Texas, USA, the company has additional locations in Canada, Dubai, Houston, Norway, Singapore, and the United Kingdom.
Freudenberg Oil & Gas is part of the Freudenberg Group whose four business areas of Nonwovens, Seals and Vibration Control Technology, Household Products as well as Specialities and Others generated sales of more than 6.0 billion Euros in 2011 and employed 37,000 associates worldwide in 58 countries.