DENSIQ AB, Part of Latour Industries AB, has acquired DEPAC Anstalt (DEPAC) based in Lichtenstein.
DEPAC is a leading designer and manufacturer of mechanical seals used in industrial applications. The company, founded in 1983, is headquartered in Lichtenstein with a subsidiary in Austria. Net sales 2020 amounted to EUR 8 m with strong operating margin and growth.
"The acquisition of DEPAC further strengthens our offering within advanced sealing technology. Inhouse manufacturing in combination with added geographies opens new and exciting possibilities to solve more of our customers complex and critical problems. We are very happy to welcome DEPAC into the DENSIQ-family", says Krister Seleskog, CEO of DENSIQ AB.
"We welcome the acquisition and the opportunity of accelerated growth made possible by becoming part of DENSIQ", says Peter Scrivener, CEO and owner of DEPAC.
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