MINNEAPOLIS—Trelleborg Sealing Solutions has finalized its acquisition of Sil-Pro L.L.C. from Precision Associates Inc. and its business partner Kevin Carver.
Based in Delano, Minn., Sil-Pro reported about $38.7 million in sales for 2017. Trelleborg said in a Jan. 3 news release that the bolt-on deal is part of its strategy to strengthen its positions in attractive market segments.
Sil-Pro recently repurposed 3,000 square feet at its 35,000-sq.-ft. silicone molding site in Delano to add up to 10 silicone molding machines. Two already are installed. Like PAI, Sil-Pro operates two Class 7 clean rooms at a pair of facilities in Delano—the other spanning 50,000 square feet for thermoplastic molding.
PAI, based in Minneapolis, develops seals and other rubber products through molding, compound development and testing. The firm operates an ISO Class 7 clean room with tool making capability located at its 130,000-sq.-ft. facility.
Trelleborg Sealing Solutions is a subsidiary of Trelleborg A.B., which is based in Trelleborg, Sweden.