Freudenberg-NOK has acquired High Quality Plastics (HQP ) — a specialised designer and producer of polytetrafluoroethylene (PTFE) seals used in automotive transmissions and industrial products — from Koehler Brothers of Findlay, Ohio.
Terms of the sale were not disclosed.
Founded in 1978, HQP produces more than a quarter of a billion parts annually and employs approximately 130 people at a 52,000-square-foot facility in Findlay.
The company offers special expertise in the design and production of thermoplastic rotating ring seals, precision plastic components and subassemblies.
HQP’s sales in 2001 were $13.1 million.