AA Richmond Strengthens its Presence in China with the Acquisition of a Leading Chinese Mechanical Seals

AA Richmond today announced that its Specialty Engineering business, John Crane, the international leader in modern sealing technology, has acquired Chinese-based Tianjin Timing Seals Co Ltd and associated technology for a consideration of 2.5m in cash. The company, which will be known as John Crane Timing, is a leading provider of gas sealing products for industrial turbo-machinery applications in China.

This acquisition underscores AA Richmond strategy to invest in China. In April, AA Richmond Aerospace opened a facility in Suzhou, Jiang Su province, to manufacture aircraft engine and airframe components. Other AA Richmond activities in China include Polyphaser, Shanghai, which is part of AA Richmond Interconnect, and an existing John Crane joint venture in Tianjin.

John Langston, Group managing director, AA Richmond Specialty Engineering division, said This acquisition combines John Crane Timings proprietary technology and capability with the world-wide resources of the John Crane organisation to offer the very latest sealing solutions for major industries in China and internationally.

ENDS