Trelleborg signs agreement to acquire Sil-Pro LLC
Trelleborg, August 6, 2018
Trelleborg has, through its Trelleborg Sealing Solutions business area, signed an agreement to acquire Sil - Pro, LLC. Sil-Pro is a U.S.-based privately owned contract manufacturer of high-tolerance silicone and thermoplastic components that also offers assembly for medical devices. The company specializes in applications mainly for medical technology original equipment manufacturers (OEMs). The acquisition complements and broadens Trelleborg’s current offering in the healthcare & medical industry. Completion of the transaction is subject to the approval of the relevant authorities.
Sil-Pro has its head office and production facility in Delano, Minnesota, in the U.S. Total sales amounted to about SEK 350 M in 2017. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
"This acquisition complements our existing offering and expands our product range in such areas as drug delivery and surgical tools. The company is well-reputed with first-rate quality systems and cleanroom standards. Its expertise and capacity within tool making is a welcome addition to our current operation," says Peter Hahn, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the beginning of the first quarter of 2019.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 32 billion and operations in about 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.trelleborg.com
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, +46 (0)410 67015, +46 (0)733 747015, [email protected]
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, [email protected]