Houston-based company, Utex Industries, Inc., recently acquired Sheraton Services Ltd., based in Ashington, United Kingdom, according to a press release.
“The acquisition of Sheraton Services Ltd. to enhance our global expansion and support customers worldwide is a positive move for the company,” president and CEO of Utex Industries, Inc., Piotr Galitzine, said.
Now forming part of Utex Europe, Sheraton Services will be tasked with expanding the presence of the company’s engineered sealing solutions across Europe, Middle East and Africa.
The agreement is a continuation of a distribution deal between Sheraton and Utex, established in January 2021. Under the terms of the agreement, Sheraton will distribute Utex’s products. Utex Europe will also offer its manufacturing resources in other ventures.
The company’s employees contribute more than 120 years of manufacturing and designing experience.