Trelleborg Sealing Solutions has 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.
Trelleborg Sealing Solutions has signed an agreement and finalized the acquisition of Anderson Seal LLC, a privately owned US-based seal distributor and value-added service partner.
Linda Muroski, President of Marketing Americas, says: “Anderson Seal’s dynamic company culture and vision complements that of Trelleborg Sealing Solutions, as well as supports its Total Value of Ownership (TVO) approach and advanced delivery program. The company’s expertise in complex assembly and best practices in kitting will continue to deliver the kind of value our customers have come to expect.”
This acquisition supports the growth strategy of Trelleborg Sealing Solutions and further expands the delivery and service of seals, gaskets and custom-molded products for Original Equipment Manufacturers (OEMs) in industries such as automotive, hydraulic, and medical/life sciences. The acquisition will significantly increase the presence for Trelleborg in the Midwestern United States and accelerate its advanced delivery services.
The acquired company has an office and warehouse in New Berlin, Wisconsin. With sales amounting to approximately $17 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
Jennifer Hansen, President of Anderson Seal, says: “We are thrilled to be able to continue to provide exceptional services to our customers in the same manner as we have been doing over the last decade but now with the advantage and backing of a global leader.”