Trelleborg acquires precision seals specialist
Swedish firm Trelleborg AB, parent company of the Trelleborg Wheel Systems tyre business, has finalised the acquisition of a US-based subsidiary of CoorsTek, Inc. The purchased business specialises in the manufacturing of precision seals for the aerospace industry, and Trelleborg anticipates that the new acquisition will further strengthen its presence in North America and in sealing solutions for major aircraft programmes. The transaction will be consolidated as of 21 November 2016.
The operation is located in El Segundo, California, and achieved sales of approximately SEK115 million (£10.0 million) last year.