20 December 2010 – Trelleborg, through its Trelleborg Engineered Systems business area, has signed an agreement to acquire PPL Polyurethane Products Ltd., which has annual sales of approximately SEK 90 M and about 90 employees.
PPL Polyurethane Products is based in the UK and develops, manufactures and markets a broad portfolio of polyurethane-based solutions and products, with a focus on the offshore oil/gas and infrastructure segments. The products that PPL Polyurethane Products manufactures include bend stiffeners and cable protection products for offshore oil/gas and damping solutions in the infrastructure area, primarily for railroads. The company has offices and production facilities in Retford and Coventry, in the UK.
“The company has had a solid trend for both growth and profitability and in recent years, it has developed attractive positions in the offshore oil/gas and infrastructure segments,” says Lennart Johansson, President of the Trelleborg Engineered Systems business area. “PPL Polyurethane Products is one of the leading companies in the UK for products based on polyurethane for offshore oil/gas and infrastructure.”
“The acquisition complements our product portfolio and generates the possibility of future growth. This also creates favorable opportunities for synergies, in terms of both costs and marketing, in that we will be able to broaden our offering in a number of niches.”
The acquisition is expected to be completed during the first quarter of 2011.
Contacts
Media:
Vice President Media Relations, Mikael Sjöblom
+46 (0)410 67015
+46 (0)733 74 70 15
mikael.sjoblom@trelleborg.com
Investors/analysts:
Vice President IR, Conny Torstensson
+46 (0)410 67070
+46 (0)734 087070
conny.torstensson@trelleborg.com
About Trelleborg
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2009 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
This information is such that Trelleborg AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading (Market Abuse Penalties) Act. This information was submitted for disclosure on December 20, 2010, at 8:30 a.m.
