NEW HAVEN, Conn.—Trelleborg A.B., through business group Trelleborg Coated Systems, has signed an agreement to acquire Uretek Archer L.L.C. Group, which includes Uretek L.L.C. and its sister company, Archer Rubber Co. L.L.C.
Terms of the deal were not disclosed. It is expected to close in the third quarter of 2014, subject to the standard regulatory approvals.
Uretek and Archer develop and manufacture urethane-coated fabrics and rubber-coated fabrics, respectively. Their products are used in industries such as aerospace, health care, outdoor recreation, government and defense.
“The acquired businesses have superior technical knowledge with focused R&D and product development, in addition to solid partnerships with customers. The acquisition complements our existing business in engineered fabrics and broadens our product range in North America,” says Dario Porta, president of the Trelleborg Coated Systems business group.
The businesses have manufacturing facilities in New Haven and in Milford, Mass. Total sales are mainly in North America were nearly $70 million in 2013.