Trelleborg has, through its business area Trelleborg Sealing Solutions, utilized an option from 2011 to acquire the outstanding 50 percent of the shares in Trelleborg Sealing Solutions Silcotech Bulgaria OOD, with a production unit in Pernik, Bulgaria.
Its main focus is the production of precision molded seals in liquid silicone rubber (LSR) for various industries including baby care and food processing. The transaction is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
Since the acquisition of Silcotech Group in 2011 Trelleborg has made several investments in its life sciences operations, among others in an expanded production capacity in Switzerland and an establishment of a new full-scale production unit in the U.S.
The business was already fully consolidated. A press release regarding the acquisition in its entirety was published on March 28, 2011.