Trelleborg Acquires Coated Fabrics Businesses in North America
Trelleborg has, through its business area Trelleborg Coated Systems, signed an agreement to acquire the assets and businesses from the U.S. based privately owned Uretek Archer LLC Group, comprising Uretek LLC and Archer Rubber Company LLC. Completion of the transaction is subject to the approval of the relevant authorities.
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.
Dario Porta, President of the Trelleborg Coated Systems business area, says: “The acquired businesses have superior technical knowledge with focused R&D and product development, in addition to solid partnerships with customers. The acquisition complements our existing business in engineered fabrics and broadens our product range in North America.”
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 USD 70 M (SEK 480 M) in 2013.
The transaction is expected to be finalized in the third quarter of 2014.