Trelleborg to acquire Minnesota Rubber & Plastics

Trelleborg Group is to acquire US-based company Minnesota Rubber & Plastics, for US$950 mn (around SEK 9.5 bn).

Minnesota Rubber & Plastics makes polymer and thermoplastic components for medical equipment, water management, industry, and food & beverage applications, the company said. It was founded in 1945 and has annual sales of approximately SEK 2,250 mn.

“Minnesota Rubber & Plastics complements and strengthens Trelleborg's current position and product offering in a number of fast-growing industries,” said Peter Nilsson, president and CEO of Trelleborg Group. “The company is a very good fit with our own business within precision seals, and the transaction is expected to generate significant synergies in terms of lower costs and higher production efficiency."