Trelleborg acquires operation to strengthen position in precision seals for life science


Trelleborg acquires operation to strengthen position in precision seals
for life science

Trelleborg has through its Sealing Solutions business area signed an
agreement to acquire operations within Silcotech Group, with total sales
of slightly more than SEK 200 M and some 150 employees. The operation
focuses on precision seals and components in liquid silicone, primarily
for the pharmaceutical industry and medical technology sector, but also
used in certain critical electronic applications.

“We have assigned priority to growth in life science and Silcotech is
one of the leading companies in its niche segment,” says Claus Barsøe,
President of the Trelleborg Sealing Solutions business area. “This
acquisition strengthens our product portfolio and improves our position
in this area. It also provides good potential for synergies in terms of
sales, enabling us to almost immediately offer Silcotech's solutions to
certain existing customers, and in relation to manufacturing through
mutual technology synergies.

“The addition of Silcotech expands our know-how in cleanroom
manufacturing of silicon components for the pharmaceutical and medical
technology sectors in a highly automated environment. The staff of
Silcotech adds a strong competence base, which will play a crucial role
in our future global ambitions in life science.”

The purchase consideration amounts to approximately SEK 300 M and the
acquisition is expected to be finalized during the second quarter 2011.
The Silcotech Group is privately owned and has a manufacturing operation
in Stein am Rhein in Switzerland and joint venture operations in Pernik,
Bulgaria and Huizhou, in southern China. The acquisition encompasses the
entire operation in Switzerland, including the plant, and 50 percent of
the joint venture in Bulgaria, with an option to acquire the remaining
share, and an option to acquire the majority share of the joint venture
in China.

For further information, please contact:
Media: Corporate Communications, 46 (0)410 67038
Investors/analysts: Vice President IR Conny Torstensson, 46 (0)410
67070, 46 (0)734 087070, conny.torstensson@trelleborg.com

Attachments

03282021.pdf