VTG has recently been acquired by the Freudenberg Group following Hitec’s decision to sell its interests in the company which it purchased in 2006. The Freudenberg group has been a family-owned business since 1849 and currently employ 37000 people in 58 countries, thereby operating on a global basis in a wide variety of industrial markets and sectors.
VTG view this change as an exciting opportunity to further develop and grow under the umbrella of a strong industrial owner and will represent a substantial part of the Freudenberg Oil & Gas division. VTG’s current product range will serve to further enhance and complement the existing range of products on offer at Freudenberg. The change of ownership will in no way alter or affect any of VTG’s current existing business relationships.