TRELLEBORG, Sweden (March 28, 2011)—Trelleborg A.B. plans to buy some medical-related businesses from Switzerland's Silcotech Group for about $42 million.
The acquired operation focuses on precision seals and components in liquid silicone, primarily for the pharmaceutical industry and medical technology sector, but also used in certain critical electronic applications.
Silcotech Group is privately owned and has a manufacturing operation in Stein am Rhein in Switzerland and joint venture operations in Pernik, Bulgaria and Huizhou, China. The acquisition encompasses the entire operation in Switzerland, including the plant, and 50 percent of the joint venture in Bulgaria, with an option to purchase the remaining share, and an option to acquire the majority share of the joint venture in China, Trelleborg said.