Trelleborg acquires manufacturer of precision seals for the aerospace industry
Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire a U.S.-based subsidiary of CoorsTek, Inc. that specializes in the manufacturing of precision seals for the aerospace industry. The acquisition will further strengthen Trelleborg’s presence in North America and in sealing solutions for major aircraft programs. Completion of the transaction is subject to the approval of the relevant authorities.
The operation is located in El Segundo, California. Sales amounted to approximately SEK 115 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquired operation is well-known in the industry for its technical solutions, good quality and on time delivery and I am delighted to welcome it to Trelleborg. The aerospace market is an important growth market and the acquired operation’s product range of various PTFE (polytetrafluoroethylene) seals and other custom-made plastic components fits very well into our product portfolio and future strategy,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the fourth quarter of 2016.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67015, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 30 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com