Trelleborg completes MG Silikon acquisition

TRELLEBORG, Sweden—Trelleborg A.B. has finalized its acquisition of Lindau, Germany-based company MG Silikon GmbH from Saint-Gobain Group, the Swedish manufacturer said in an Oct. 31 news release.

With annual sales of around $11.1 million, MG Silikon specializes in sealing products and systems for aerospace and industrial applications.

The deal, which was carried out through Trelleborg Sealing Solutions, follows a "strong recovery" in the aerospace industry after the COVID-19 pandemic, said Peter Hahn, president of the Trelleborg Sealing Solutions business area in an announcement in July.

"With the acquisition of MG Silikon, we increase the production capacity of airframe seals and strengthen our offering in sealing solutions for cabin interiors, which is a strategic growth area for us," said Hahn.

"Our offering for cabin interiors has been limited, but the acquisition creates new and exciting opportunities for us," he added.

The German company, he noted, also manufactures engineered seals for general industry, such as building and construction, and the rail industry.

"This acquisition complements us in several important areas, and we foresee synergies in both sales and supply chains," Hahn said.