Trelleborg acquires coated fabrics operation in North America
Trelleborg has, through its Trelleborg Coated Systems business area, signed an agreement and finalized the acquisition of the U.S. based privately owned company Laminating Coating Technologies, Inc. (Lamcotec). Lamcotec develops and manufactures polyurethane-coated and laminated fabrics primarily used in the aerospace industry and in the healthcare & medical industry. The acquisition complements Trelleborg’s offering and strengthens the Group’s position in engineered polyurethane-coated fabrics.
The company has its head office and production facility in Monson, Massachusetts, U.S. Total sales amounted to about SEK 185 M in 2017. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am very pleased to announce this acquisition, as it complements us and fits in well with our strategy. Polyurethane-coated fabrics have development and expansion potential in several segments, niches and geographies. The company is well-managed, has extensive expertise in its field and has close and valuable customer relationships,” says Dario Porta, President of the Trelleborg Coated Systems business area.
The transaction will be consolidated as of July 1, 2018.
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 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