Freudenberg acquires BlueSky Process Solutions
HOUSTON -- The Freudenberg Oil & Gas Technologies group has acquired the business of Canada's BlueSky Process Solutions Ltd., effective Jun. 30.
BlueSky is a designer of differentiated seal products, specifically for the upstream oil and gas segment. BlueSky develops high integrity connectors such as the FlexBall.
Mohsen Sohi, Freudenberg Group CEO, said, "As a long-term oriented technology group, we are continuing to enhance our oil and gas business. Even if the industry is currently facing a challenging time, we continue to have confidence in this market."
Richard T. Schmidt, President and CEO of Freudenberg Oil & Gas Technologies, explained, "The acquisition of BlueSky enables us to broaden the product range for our customers."
BlueSky develops high integrity connectors that are complimentary to the Freudenberg Oil & Gas Technologies' Vector product line in this segment. BlueSky offers proprietary, patented products – products whereby the company owns the intellectual property rights, such as the RotaBall swivel connector, the FlexBall connector and the AlignLock misalignment flange. In addition BlueSky's BlueLock connector is compatible with Freudenberg Oil & Gas Technologies' Techlok, a two-piece, four-bolt connector, and enjoys a strong position in the Canadian market.