Trelleborg, Sweden (July 7) — Trelleborg A.B.´s Building Systems business plans to acquire Kawneer Rubber & Plastics, a maker of polymer-based sealing products such as extruded profiles. The goods primarily are used for the construction and transportation industries.
Kawneer is owned by Kawneer Co. Inc. and employs 40 and has annual sales of about $12.5 million, according to Trelleborg.
The Swedish company said it already has a leading position in extruded profiles, and the purchase will give it a leading position in the U.S.
"Together with EPG, acquired earlier this year, KRP will give us an even stronger growth platform for our operations in North America, in construction as well as in other industries," says Peter Suter, President of Trelleborg Building Systems. "We will now have the opportunity to transfer know-how from Europe to the North American market, and we foresee synergies between KRP and EPG, technically and with regard to administration."
The acquisition is expected to be completed on Aug. 1.