Smiths Group to acquire German filtration company Seebach for €60mn
Smiths Group plc, the parent company of mechanical seal specialist John Crane, has agreed to acquire Seebach GmbH, a provider of highly-engineered filtration solutions, from Avedon Capital Partners for an enterprise value of €60 million.
Vellmar, Germany-based Seebach develops customized solutions for use in the automotive, chemical, mining, pharmaceutical, and food and drink industries, and for particle filtration in hot or chemically aggressive gases and fluids.
When the deal closes, Seebach will be integrated into the John Crane division which already offers a range of oil and gas filtration products. Smiths says that the acquisition complements John Crane’s existing filtration operations and underlines its commitment to accelerate growth in the business.
Source: (Filtration + Separation)