Trelleborg acquires manufacturer of aerospace components
Trelleborg Group has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the German-based company MG Silikon GmbH, an entity within Saint-Gobain Group. The company specializes in sealing solutions for aerospace and industrial applications. Closing of the transaction is subject to approvals from relevant authorities.
The company has its head office and manufacturing in Lindau, Germany, and has annual sales of approximately SEK 120 M.
“The aerospace industry is recovering strongly after the pandemic, and is expected to show healthy growth for several years to come. With the acquisition of MG Silikon, we increase the production capacity of airframe seals and strengthen our offering in sealing solutions for cabin interiors, which is a strategic growth area for us. Our offering for cabin interiors has been limited, but the acquisition creates new and exciting opportunities for us,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.
“The company also manufactures engineered seals for general industry, such as building and construction, and the rail industry. This acquisition complements us in several important areas, and we foresee synergies in both sales and supply chains,” concludes Peter Hahn.
The transaction is expected to be finalized in the fourth quarter of 2022.
For further information, please contact:
Media: Vice President Communications 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 34 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, 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