Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire a U.S.-based subsidiary of CoorsTek, Inc. that specializes in the manufacturing of precision seals for the aerospace industry. The acquisition will further strengthen Trelleborg’s presence in North America and in sealing solutions for major aircraft programs. Completion of the transaction is subject to the approval of the relevant authorities.
The operation is located in El Segundo, California. Sales amounted to approximately SEK 115 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquired operation is well-known in the industry for its technical solutions, good quality and on time delivery and I am delighted to welcome it to Trelleborg. The aerospace market is an important growth market and the acquired operation’s product range of various PTFE (polytetrafluoroethylene) seals and other custom-made plastic components fits very well into our product portfolio and future strategy,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the fourth quarter of 2016.