Trelleborg acquires manufacturer of silicone components for the medical device market
Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire Specialty Silicone Fabricators Inc. (SSF), a U.S.-based privately-owned manufacturer of high-precision silicone components for medical technology original equipment manufacturers (OEMs).
The acquired company, SSF, is a significant player in the important and high growth U.S. life sciences market, providing Trelleborg with a strong platform for future development. The company is headquartered in Tustin, California, and has production facilities in Tustin and Paso Robles, California, as well as in Elk Rapids, Michigan. Sales amounted to approximately SEK 330 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am delighted to announce this acquisition. SSF is a leading player in silicone products for the U.S. market, with a strong reputation, track record and an attractive base of OEM customers. The acquired company differentiates itself by focusing on advanced, challenging applications and by providing support and value to the customer from initial design – a similar positioning and approach to Trelleborg,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the second quarter of 2016.
Trelleborg Sealing Solutions Tustin formerly Specialty Silicone Fabricators, manufacturers high precision custom silicone components for the medical device industry. We offer full product design and manufacturing services, from prototype and testing, to production, assembly and packaging. - All ISO 9001:2000 and 13485:2003 certified.
Trelleborg Sealing Solutions is recognized as one of the world's top tier manufacturers of high precision medical silicone products. Our many patents and process innovations have enabled significant medical device breakthroughs that improve the quality of people's lives. Trelleborg Sealing Solutions is the acknowledged world leader in the development and manufacture of advanced silicone combination products. These remarkably versatile and effective products incorporate drugs or biological agents in a cured silicone matrix. Drug eluting combination products are revolutionizing medical procedures the world over.