Medical unit buyout by Trelleborg

Swedish Trelleborg plans to buy medical-related businesses from Switzerland’s Silcotech Group for US$42 million.

The acquired operation focuses on precision seals and components in liquid silicone, primarily for the pharmaceutical industry and medical technology sector and is also used in certain critical electronic applications.

Silcotech Group is privately owned and has a manufacturing operation in Switzerland and joint venture operations in Bulgaria and China.

The acquisition encompasses the entire operation in Switzerland, including the plant, and 50% of the joint venture in Bulgaria, with an option to buy the remaining share, and an option to acquire the majority share of the joint venture in China.