Axel Johnson International’s Industrial Solutions business group has newly acquired Passerotti sp. z.o.o., a Polish distributor specialist of technical seals, from the industrial service provider, ERIKS.
Located in eight places across Poland, Passerotti is a major player in the Polish market with about 11,000 customers present in both MRO and OEM segments.
With the acquisition of Passerotti, Industrial Solutions can strengthen its position in Poland. “The acquisition expands our geographical reach in mechanical power transmissions, which is part of our growth agenda,” explains Ola Sjölin, Managing Director, Industrial Solutions. “With excellent capacity for providing tailored sealing solutions, Passerotti is recognised as a value-added distributor of technical seals in the Polish market.”
Headquartered in Bielsko-Biala, Passerotti has an annual turnover of approximately €6.6 million and 85 employees. Its offering is primarily focused on sealing technology, providing a wide range of seals for various technical applications in combination with complementary mechanical power transmission products. The company is an authorised distributor for a number of global-leading brands, with a wide and diversified supplier base enabling its competitive offering.
“Joining forces with Axel Johnson International will create many new opportunities, and I am glad to have been given the confidence vote to continue to lead the company,” commented Jacek Wróbel, CEO of Passerotti. “We are all looking forward to becoming part of Axel Johnson International, sharing expertise and experience with our new sister companies.”
The transaction was completed on August 14, 2018.