ERJ staff report (PR)
Stockholm - Trelleborg is to acquire US-based Uretek Archer LLC Group comprising Uretek LLC and Archer Rubber Co. LLC – manufacturers of urethane- and rubber-coated fabrics, respectively, for aerospace, healthcare, outdoor recreation, government and defence.
“The businesses have superior technical knowledge with focused R&D and product development, in addition to solid partnerships with customers, said a 1 Aug announcement by the Swedish company.
The acquisition, which is subject to regulatory approvals, will “complement our existing business in engineered fabrics and broadens our product range in North America,” said Dario Porta, president of the Trelleborg Coated Systems business.
The businesses have manufacturing facilities in New Haven, Connecticut and in Milford, Massachusetts, respectively. Total sales are mainly in North America and amounted to about SEK 480 M in 2013.
The transaction is expected to be finalised in the third quarter of 2014.
