Hultec Completes Add-On Acquisition of Thai Duong Joint Stock Company

Hultec, a global manufacturer and distributor of engineered elastomer gaskets, seals, and other critical products for the potable and non-potable water industries, completed the acquisition of Thai Duong Joint Stock Company (“TDJSC”). Now officially Hultec Vietnam, TDJSC represents the second add-on acquisition for Hultec following IGP’s acquisition in March 2023.

Founded in 2007 as a joint venture between Hultec and shareholders of Thai Duong Rubber and headquartered in Ho Chi Minh, TDJSC is a manufacturer of gaskets, seals, and other rubber components. Operating out of a 144,000 square foot campus, TDJSC possesses a full suite of production capabilities spanning research and development, rubber mixing, injection molding, compression molding, and extrusion.

TDJSC expands Hultec’s global manufacturing footprint and will allow the company to better serve customers across the Asian-Pacific, European, and Middle-Eastern, and North African (“MENA”) geographies.

“The acquisition of TDJSC underscores our commitment to expanding our global capabilities in support of our customers,” said Hultec CEO Tom Ross. “TDJSC’s comprehensive production platform and strategic presence in Asia will allow us to further support our customers’ growth worldwide.”

“We are thrilled to continue our successful partnership with Hultec,” added Nguyen Van Tho, General Manager of TDJSC. “By combining TDJSC’s extensive manufacturing expertise with Hultec’s global sales, engineering, and distribution network, we are well positioned to deliver best-in-class solutions across the Asia-Pacific, Europe, and MENA regions.”