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Aesseal named Business of Trust Champion in national awards
NEWS ‘Getting closer to our customers in the region is the consequent step forward in providing quicker reaction times. Our target is to be available whenever required, providing a fast repair service and customer support. Our experienced and well-trained team of experts for seals and systems will assist in an advisory capacity to help improve manufacturing performance through increased operational reliability, improved equipment uptime, fewer maintenance interventions and reduced seal water usage.’ Ruben Alvarez, Executive Vice President, Sales and Aftermarket, GeoMarkets, John Crane, added: ‘The performance and functionality of our customers’ operations – spanning throughout mission-critical sectors – depend on us for a highly responsive service to increase uptime, reduce maintenance costs whenever possible and help them maintain environmentally safe operations.’ ‘And as part of our commitment to them, we are making it our mission to strengthen our service capabilities around the world and strategically build out our strong global footprint of more than 200 facilities.’ For further information, visit: www.johncrane.com
Loctite products help Formula Student teams perform strongly
S
ix Henkel-sponsored teams that took part in this year’s prestigious Formula Student competition at Silverstone, UK, performed strongly, with five finishing in the top 30 placings from a total of 129 starters. All six teams relied on the benefits of using a wide variety of Loctite products from Henkel AG & Co KGaA (Henkel) that included adhesives, retaining compounds, thread-lockers, mould release agents, flange sealants and surface cleaners. Taking place during July at the home of British motor racing, some 4000 students from 30 countries attended this year’s Formula Student, which is now one of the largest student engineering competitions in the world. Of the Henkel-sponsored teams, the University of Birmingham finished 6th overall, whilst other placings included the University of Coventry, 14th, University of Bath, 16th, University of Hertfordshire (UH Racing), 25th and University of Southampton, 26th. Formula Student challenges university teams to design, build and race a single-seater racing car in one year. The cars are then judged on their speed, acceleration and endurance, whilst the teams are tested on their design, costing and business presentation skills. 4
Sealing Technology
For the UH Racing Team, which has been supported by Henkel since 1999, Formula Student 2018 proved a mixed bag. For instance, the team finished as high as 7th in the design category and 11th in the costing category, but in the final event, endurance, a cruel twist of fate ended the team’s hopes for the overall top 10 finish that was anticipated. (Also see ‘Loctite products underpin roaring success at Formula Student 2017’, Sealing Technology December 2017, page 7.) For further information, visit: www.henkel.com & www.loctite.co.uk
Aesseal named Business of Trust Champion in national awards
I
n the UK, Aesseal Plc has had its commitment to responsible business practices honoured in the national Lord Mayor’s Dragon Awards at a ceremony held recently in London. The Rotherham-based company, which designs and manufactures mechanical seals for industries across the globe, was named the inaugural Business of Trust Champion – a new award launched by the Lord Mayor of London, Charles Bowman, to reflect the theme of his year in office. The company was selected from a prestigious shortlist which included a global investment management corporation, international communications company and a major retail bank. The award recognises companies that are helping to create “a lasting legacy of better business trusted by the community”. Chris Rea, Managing Director, Aesseal, said: ‘Our company ethos since 1979 has been to develop, support and value our staff, from our newest apprentices to our world-class engineers and innovators.’ ‘The trust placed in us by our customers was recently recognised with a score of 87.5 out of 100 in the UK’s largest independent customer satisfaction survey (UK Customer Satisfaction Index) (Sealing Technology September 2018, page 3). ‘We provide a powerful role model, particularly to younger companies and SMEs, by sharing the Aesseal story of integrity, ethics and care for its people and the wider community,’ continued Rea. ‘I am particularly delighted to see the efforts of my brilliant colleagues rewarded by being named Business of Trust Champion, as all the other finalists are such high calibre businesses.’ Announcing the award, Lord Mayor Charles Bowman said: ‘Companies can make a tremen-
dous difference by identifying gaps, pioneering new policies, and working with under-represented groups – or, simply, by giving whatever money, time, or skills they can. This year’s well deserving Dragon Awards winners have done just this.’ ‘These firms are working hard to make a difference in a huge range of areas, from promoting social mobility in the workplace to supporting and attracting new young talent to industries with skills shortages.’ ‘We need to recognise and celebrate the innovative work that firms are doing within their responsible business initiatives. It is no longer simply about engaging with local communities. It is about benefitting workforces and creating a better and fairer society.’ For further information, visit: www.aesseal.com
Affiliates of Goldman Sachs become majority shareholders in Boyd Corp
B
oyd Corp – which specialises in highly engineered thermal management and environmental sealing technology and products – has been acquired by affiliates of Goldman Sachs. Boyd says that this announcement follows its definitive agreement to be acquired by affiliates of Goldman Sachs in July earlier this year. The organisation will continue to operate as Boyd Corp. ‘Partnering with Goldman Sachs is an exciting next step for Boyd,’ said Mitch Aiello, President and CEO, Boyd. ‘Over the past three years, we have experienced tremendous success and transformative growth partnering with Genstar Capital during which time we completed numerous acquisitions, geographically expanded, grew share in new markets and greatly enhanced our engineering focus that resulted in more advanced and broadened solutions and services to customers.’ ‘Partnering with Goldman Sachs ensures we will continue to be at the forefront of thermal management and environmental sealing innovation as it brings a new level of capabilities, global relationships and financial support. We will continue to be the global industry leader in a highly dynamic market with value creation for customers, strategic growth and intentional innovation.’ Boyd designs and manufactures innovative seals, shields, insulators, conductors, absorbers, spreaders and dampers of many different forms of energy, most notably thermal and mechanical.
For further information, visit: www.boydcorp.com
November 2018
Loctite products help Formula Student teams perform strongly
S
ix Henkel-sponsored teams that took part in this year’s prestigious Formula Student competition at Silverstone, UK, performed strongly, with five finishing in the top 30 placings from a total of 129 starters. All six teams relied on the benefits of using a wide variety of Loctite products from Henkel AG & Co KGaA (Henkel) that included adhesives, retaining compounds, thread-lockers, mould release agents, flange sealants and surface cleaners. Taking place during July at the home of British motor racing, some 4000 students from 30 countries attended this year’s Formula Student, which is now one of the largest student engineering competitions in the world. Of the Henkel-sponsored teams, the University of Birmingham finished 6th overall, whilst other placings included the University of Coventry, 14th, University of Bath, 16th, University of Hertfordshire (UH Racing), 25th and University of Southampton, 26th. Formula Student challenges university teams to design, build and race a single-seater racing car in one year. The cars are then judged on their speed, acceleration and endurance, whilst the teams are tested on their design, costing and business presentation skills. 4
Sealing Technology
For the UH Racing Team, which has been supported by Henkel since 1999, Formula Student 2018 proved a mixed bag. For instance, the team finished as high as 7th in the design category and 11th in the costing category, but in the final event, endurance, a cruel twist of fate ended the team’s hopes for the overall top 10 finish that was anticipated. (Also see ‘Loctite products underpin roaring success at Formula Student 2017’, Sealing Technology December 2017, page 7.) For further information, visit: www.henkel.com & www.loctite.co.uk
Aesseal named Business of Trust Champion in national awards
I
n the UK, Aesseal Plc has had its commitment to responsible business practices honoured in the national Lord Mayor’s Dragon Awards at a ceremony held recently in London. The Rotherham-based company, which designs and manufactures mechanical seals for industries across the globe, was named the inaugural Business of Trust Champion – a new award launched by the Lord Mayor of London, Charles Bowman, to reflect the theme of his year in office. The company was selected from a prestigious shortlist which included a global investment management corporation, international communications company and a major retail bank. The award recognises companies that are helping to create “a lasting legacy of better business trusted by the community”. Chris Rea, Managing Director, Aesseal, said: ‘Our company ethos since 1979 has been to develop, support and value our staff, from our newest apprentices to our world-class engineers and innovators.’ ‘The trust placed in us by our customers was recently recognised with a score of 87.5 out of 100 in the UK’s largest independent customer satisfaction survey (UK Customer Satisfaction Index) (Sealing Technology September 2018, page 3). ‘We provide a powerful role model, particularly to younger companies and SMEs, by sharing the Aesseal story of integrity, ethics and care for its people and the wider community,’ continued Rea. ‘I am particularly delighted to see the efforts of my brilliant colleagues rewarded by being named Business of Trust Champion, as all the other finalists are such high calibre businesses.’ Announcing the award, Lord Mayor Charles Bowman said: ‘Companies can make a tremen-
dous difference by identifying gaps, pioneering new policies, and working with under-represented groups – or, simply, by giving whatever money, time, or skills they can. This year’s well deserving Dragon Awards winners have done just this.’ ‘These firms are working hard to make a difference in a huge range of areas, from promoting social mobility in the workplace to supporting and attracting new young talent to industries with skills shortages.’ ‘We need to recognise and celebrate the innovative work that firms are doing within their responsible business initiatives. It is no longer simply about engaging with local communities. It is about benefitting workforces and creating a better and fairer society.’ For further information, visit: www.aesseal.com
Affiliates of Goldman Sachs become majority shareholders in Boyd Corp
B
oyd Corp – which specialises in highly engineered thermal management and environmental sealing technology and products – has been acquired by affiliates of Goldman Sachs. Boyd says that this announcement follows its definitive agreement to be acquired by affiliates of Goldman Sachs in July earlier this year. The organisation will continue to operate as Boyd Corp. ‘Partnering with Goldman Sachs is an exciting next step for Boyd,’ said Mitch Aiello, President and CEO, Boyd. ‘Over the past three years, we have experienced tremendous success and transformative growth partnering with Genstar Capital during which time we completed numerous acquisitions, geographically expanded, grew share in new markets and greatly enhanced our engineering focus that resulted in more advanced and broadened solutions and services to customers.’ ‘Partnering with Goldman Sachs ensures we will continue to be at the forefront of thermal management and environmental sealing innovation as it brings a new level of capabilities, global relationships and financial support. We will continue to be the global industry leader in a highly dynamic market with value creation for customers, strategic growth and intentional innovation.’ Boyd designs and manufactures innovative seals, shields, insulators, conductors, absorbers, spreaders and dampers of many different forms of energy, most notably thermal and mechanical.
For further information, visit: www.boydcorp.com
November 2018