01.04.2011 13:39:00
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Trelleborg: Trelleborg’s Acquisition of Operations in Precision Seals for Life Science Finalized
Regulatory News:
Trelleborg (STO:TRELB) has finalized the acquisition of operations within Silcotech Group. The operation focuses on precision seals and components in liquid silicone, primarily for the pharmaceutical industry and medical technology sector, but also used in certain critical electronic applications.
The Silcotech Group has a manufacturing operation in Stein am Rhein in Switzerland and joint venture operations in Pernik, Bulgaria and Huizhou in southern China, and has total sales of slightly more than SEK 200 M and some 150 employees.
A press release regarding the acquisition was published on March 28, 2011.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
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