NOTE: This release was sent from AESSEAL Inc., a Knoxville Chamber member business.
AESSEAL Inc. announced today that it has taken a majority equity interest in Mechanical Seal & Service, Inc. of Odessa, TX. AESSEAL Inc. is a member of the AES Engineering Ltd. Group of Companies, headquartered in Rotherham United Kingdom. AES Engineering is listed as a private equity holding of 3i Investments. With global operations serving 85 countries, the AESSEAL group is the 4th largest manufacturer of mechanical seals in the global market. Mechanical Seals are machined devices used in industrial pumps and rotating equipment to prevent liquids from leaking to the environment.
Tom Grove, AESSEAL Inc., President commented “we have essentially completed the rigid product development requirements outlined by the American Petroleum Institute under API-682; the investment provides a strategic footprint in the West Texas Oil & Gas market. Additionally, we will integrate Mechanical Seal & Service, Inc. into the seal repair services we currently provide our North American customers. Mechanical Seal & Service, Inc. has expertise repairing certain mechanical seals units that we are unable to repair at our local factory.”
AESSEAL Inc., North American Headquarters recently invested $ 5 million relocating from Knoxville to a new facility in the Stock Creek Industrial Park in Rockford, TN. The company has branch offices in Kingsport, TN., Fairfield, ME., Longview, WA and a subsidiary in Marion, IA.
NOTE: The following is from AESSEAL, a Knoxville Chamber member business.
AESSEAL Inc. is moving from its current West Knoxville location to a larger facility in Rockford, TN. AESSEAL Inc. is the North American Headquarters for the AESSEAL plc. group of companies.
Based in Northern England, AESSEAL is one of the leading global specialists in the design and manufacture of mechanical seals, support systems and bearing seals. With operations on six continents, AESSEAL is the world’s 4th largest supplier of mechanical seals. Mechanical seals are used in pumps and rotating equipment to prevent liquids and gases from escaping into the environment.
The company has been in Knoxville since 1992. They needed a larger facility to house its growing US business and found a 36,000 square foot building in the Stock Creek Development in Blount County. AESSEAL’s $5 million total investment includes the construction of 10,000 square feet of additional office space and a state of the art training facility. The building’s size will double their current square footage and will allow the space to further expand the business.
AESSEAL partnered with Hodge Associates, a Knoxville-based design firm, and Richardson-Turner Construction to bring the project from vision to reality.
AESSEAL is scheduled to move in August 2008.
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