PLYMOUTH, Mich., July 1, 2015 /PRNewswire/ -- The Freudenberg Group is strengthening its position as a global supplier for the upstream oil and gas market. The Freudenberg Oil & Gas Technologies Business Group has acquired the business of BlueSky Process Solutions Ltd., Stoney Creek, Ontario, Canada, effective June 30, 2015. BlueSky is a designer of differentiated seal products, specifically for the upstream oil and gas segment.
"As a long-term oriented technology group, we are continuing to enhance our oil and gas business," says Dr. Mohsen Sohi, Freudenberg Group CEO. "Even if the industry is currently facing a challenging time, we continue to have confidence in this market."
"The acquisition of BlueSky enables us to broaden the product range for our customers," explains Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas Technologies. BlueSky develops high integrity connectors that are complimentary to the Freudenberg Oil & Gas Technologies' Vector product line in this segment. BlueSky offers proprietary, patented products – products whereby the company owns the intellectual property rights, such as the RotaBall™ swivel connector, the FlexBall™ connector and the AlignLock™ misalignment flange. In addition BlueSky's BlueLock™ connector is compatible with Freudenberg Oil & Gas Technologies' Techlok™, a two-piece, four-bolt connector, and enjoys a strong position in the Canadian market.
About the Freudenberg Group
The Freudenberg Group is a family company offering its customers technically challenging product solutions and services. The Group develops and manufactures seals, vibration control components, filters, nonwovens, products for surface treatment, release agents and specialty lubricants, medical and mechatronic products. Especially for mid-size companies Freudenberg develops software solutions and IT services.
The end-user can find modern Freudenberg household products in the shops under the brand names of vileda®, O-Cedar®, Wettex®, Gala®, SWASH® and Marigold®. The Freudenberg Group employed more than 40,000 people in about 60 countries and generated sales of more than €7 billion in 2014 (including pro rata consolidation of 50:50 joint ventures). For further information, please go to www.freudenberg.com.
About Freudenberg Oil & Gas Technologies
Freudenberg Oil & Gas Technologies is part of the Freudenberg Group and a global solutions provider of innovative sealing solutions and differentiated sealing products to the global oil and gas industry. The company is focused on the exploration and production (upstream) segment.
The workforce of nearly 750 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.
The Business Group generated sales of more than €153 million in 2014 from its sites in Australia, Brazil, Canada, Malaysia, Norway, Singapore, the United Arab Emirates, the United Kingdom, and the United States of America.
SOURCE Freudenberg North America