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Freudenberg Reports Third Year of Sales Growth in 2012
Date:4/23/2013

,983 the previous year, reflecting increased sales as well as new investments and acquisitions made in the Region in 2012. During the year, Helix Medical, Freudenberg's medical technology business, acquired MedVenture Technology Corporation, a leading designer and manufacturer of medical technology solutions for minimally invasive surgical devices with facilities in Jeffersonville, Indiana and Minnetonka, Minnesota and opened a new production facility in San Jose, Costa Rica. Freudenberg Oil & Gas, global provider of innovative seal solutions and differentiated seal products to the upstream oil and gas industry, opened a 14,000-square-foot materials and products testing facility in Houston and acquired Scott-Matrix Ltd., a Newcastle, UK based manufacturer of elastomeric sealing solutions for the oil and gas industry and a Norwegian supplier of high integrity sealing solutions for oil and gas industry, Vector Technologies. Freudenberg IT (FIT), a global leader of mission-critical managed hosting services opened its newest data center and office in Durham, NC. Freudenberg's industrial sealing technology business, EagleBurgmann, acquired SealPots Inc. of Romeo, Michigan, a manufacturer of supply systems for the oil and gas industry. In total, Freudenberg's investments totaled around EUR 100 million (~USD 130 million) in 2012.

Talking about prospects for 2013, Dr. Sohi stated, "We anticipate strong growth in China, an increase in sales in India and Brazil, and continued stable growth in the USA."

With 27 percent of its current products being less than four years old, Freudenberg continues to focus on innovation, making technology leadership one of the major factors of the
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SOURCE Freudenberg Group
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