Benchmark International's Client Gasket & Packing Inc. Sold to a Subsidiary of Elring Klinger

Benchmark International's client Gasket & Packing Inc. a Borger, Texas-based industrial supply and distribution company has successfully sold to a subsidiary of German-owned conglomerate Elring Klinger.
 
 
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Industry:
* Financial

Location:
* Tampa - Florida - US

Subject:
* Mergers

TAMPA, Fla. - May 28, 2020 - PRLog -- Benchmark International's client Gasket & Packing Inc. a Borger, Texas-based industrial supply and distribution company has successfully sold to a subsidiary of German-owned conglomerate Elring Klinger.

Gasket & Packing Inc. is an industrial supplier of fluid sealing & bolted joint assembly products.  The Borger, Texas-based company with four locations supplies fluid sealing products for industrial customers. Products include manufactured gaskets, pump and valve packings, mechanical seals, hydraulics, o-rings, lubrication equipment, metal and concrete repair equipment, industrial bolting, and corrosion prevention supplies. The company also sells, rents, calibrates and repairs torque equipment for bolted joint assemblies.

As an independent and globally positioned supplier,  Elring Klinger is a powerful and reliable partner to the automotive industry. Be it a car or commercial vehicle, an optimized combustion engine, hybrid technology, or electric motor – they offer innovative solutions for all types of drive systems in-passenger cars and commercial vehicles. They also make a commitment to making a contribution to sustainable mobility.

Transaction Director Luis Vinals stated, "This transaction demonstrates Benchmark International's global capabilities, and the quality of its creative marketing strategies to identify buyers for our clients' businesses.  We are excited to see our client's legacy in the capable hands of such a reputable firm and look forward to their continued success."

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0)161 359 4400 / Lawrie@BenchmarkIntl.com

Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkIntl.com

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International's global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International's deal teams, working from offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.

Website: http://www.benchmarkintl.com/
Blog: http://blog.benchmarkcorporate.com/

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Brittney Zoeller
***@benchmarkintl.com
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Tags:Mergers And Acquisitions
Industry:Financial
Location:Tampa - Florida - United States
Subject:Mergers
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