Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire Specialty Silicone Fabricators (SSF), a U.S.-based privately-owned manufacturer of high-precision silicone components for medical technology original equipment manufacturers (OEMs).
The acquired company is a significant player in the important and high growth U.S. life sciences market, providing Trelleborg with a strong platform for future development.
SSF 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 is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 30 billion in over 40 countries.
The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech.
In addition, the Trelleborg Group owns 50 percent of Vibracoustic, the global market leader within antivibration solutions for light and heavy vehicles.