STOCKHOLM, Sweden (Dec. 20, 2010)—Trelleborg A.B.'s Engineered Systems business has agreed to acquire PPL Polyurethane Products Ltd., a British maker of polyurethane products for off/shore oil and gas infrastructure.
PPL has annual sales of $13 million and employs about 90, Trelleborg said.
PPL is based in the Retford, England, and has production facilities there and in Coventry, England. It makes products such as bend stiffeners and cable protection products for oil and gas industry, and damping solutions in the infrastructure area, primarily for railroads.
Trelleborg said PPL has had solid growth and profitability in recent years.