Trelleborg signed an agreement, through its Trelleborg Sealing Solutions business area, to acquire Specialty Silicone Fabricators Inc. (SSF), a privately-owned, US-based manufacturer of high-precision silicone components for medical technology original equipment manufacturers (OEMs).
Headquartered in Tustin, California, SSF has production facilities in Tustin and Paso Robles, California, as well as in Elk Rapids, Michigan. Their 2015 sales approximately reached SEK330 million. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am delighted to announce this acquisition. SSF is a leading player in silicone products for the US market, with a strong reputation, track record and an attractive base of OEM customers. The acquired company differentiates itself by focusing on advanced, challenging applications and by providing support and value to the customer from initial design – a similar positioning and approach to Trelleborg,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalised in the second quarter of 2016.