Trelleborg, through its subsidiary Trelleborg Engineered Systems, is to acquire a business in Brazil’s offshore oil and gas industry from a Veyance Technologies subsidiary.
The business focuses on specially designed oil hoses for surface and deepsea applications.
Trelleborg will take over the lease on the 15,000m² facility in Santana de Parnaiba, close to Sao Paulo.
“The acquired operation complements our current technology in oil hoses,” said Trelleborg Engineered Systems business area president Lennart Johansson. “Our customers are moving more of their production to Brazil and it is crucial to ensure that we have manufacturing close to their units.”