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Trelleborg to purchase Minnesota Rubber and Plastics for US$950 mn

Swedish engineered polymers firm Trelleborg Group is to buy US-based elastomers maker Minnesota Rubber and Plastics (MRP), which is owned by investment firm KKR, in a transaction valued at approximately US$950 million. The transaction, which is subject to customary regulatory approvals, is expected to close before year-end 2022. New York City-based…