Trelleborg acquires manufacturer of aerospace components
The group’s head office and manufacturing are located in Tukwila, Washington, US, and it has annual sales of approximately SEK 85 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive industries.
“We are experiencing strong demand for aerospace seals with a continued positive trend for several years to come. The acquisition means we can increase our capacity to produce elastomers, used in various aerospace seals, and enables us to broaden our product range of, for example, conductive seals,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the second quarter of 2023.
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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's continuing operations had annual sales of about SEK 30 billion in 2022 and operations in about 40 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