TOREKOV, Sweden (Oct. 26) — Nolato A.B. has agreed to purchase Medical Rubber, a Swedish maker of silicone and thermoplastic elastomer medical components.
The $22 million deal will give Nolato an operation based in Horby, Sweden, that has about 100 employees and is expected to post sales of about $13.7 million this year, Nolato said. The firm is acquiring Medical Rubber from the Persson family, which founded the company in 1973.
About half of Medical Rubber's production is exported, Nolato said.