Trelleborg to acquire Minnesota Rubber & Plastics
A step change for Trelleborg Sealing Solutions Trelleborg Group has signed an agreement to acquire the US-based company, Minnesota Rubber & Plastics, for USD 950 million (approximately SEK 9.5 billion) on a cash and debt free basis. If a tax asset of approximately SEK 900 million is taken into account, the purchase price amounts to approximately SEK 8.6 billion. Trelleborg has secured committed financing. The seller is an affiliate of the global investment firm KKR. Minnesota Rubber & Plastics is a strong and well-established company in North America operating in several