Freudenberg to seal the deal with Meillor
The Weinheim, Germany-based division of the Freudenberg and NOK Group has shown interest in purchasing French gasket manufacturer Meillor SA.
Meillor, based in Nantiat, France, specializes in the production of flat gaskets and countsMotor Co., Corp. and AG among its chief customers. Freudenberg says the purchase of Meillor would be a good match and would expand its ability to fulfill customers' total powertrain-sealing supply needs. Meillor has concentrated its primary business efforts in the automotive, heavy-duty, off-highway and agriculture segments.
Most attractive to Freudenberg is Meillor's potential to strengthen its North American transmission sealing business, run by subsidiary Freudenberg-NOK.
Freudenberg joined Meillor in a management meeting held early last month to confirm it would co-manage Meillor's European and North American businesses.