TRELLEBORG: Trelleborg’s Acquisition of Coated Fabrics Businesses in North America Finalized
TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg has finalized the acquisition of assets and businesses from the U.S. based privately owned Uretek Archer LLC Group comprising Uretek LLC and Archer Rubber Company LLC.
Uretek and Archer develop and manufacture urethane-coated fabrics and rubber-coated fabrics respectively. Their products and solutions are used across multiple segments, such as aerospace, healthcare, outdoor recreation, government and defense.
The businesses have manufacturing facilities in New Haven, Connecticut and in Milford, Massachusetts, U.S., respectively. Total sales are mainly in North America and amounted to about SEK 480 M in 2013.
The transaction will be consolidated as of 31 October, 2014.
A press release regarding the acquisition was published on August 1, 2014.
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 21 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. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of approximately SEK 15 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on NASDAQ OMX Stockholm, Large Cap. www.trelleborg.com