Trelleborg Acquires Manufacturer of Coated Fabrics for Medical Equipment
RUTHERFORDTON, N.C. - Feb. 1, 2018 - PRLog -- Trelleborg has, through its business area Trelleborg Coated Systems, signed an agreement and finalized the acquisition of the privately owned U.K. company Dartex Holdings Ltd. The company is specialized in the manufacture of coated fabrics primarily for medical equipment and is a world leader in fabrics for pressure injury prevention. The acquisition broadens Trelleborg's offering and strengthens the Group's position as a premium supplier of medical coated fabrics.
Dartex has its head office and a production facility in Long Eaton, England. It has another production facility in North Smithfield, Rhode Island, U.S. Sales amount to approximately SEK 135 M on an annual basis. This bolt-on acquisition is part of Trelleborg's strategy to strengthen its positions in attractive market segments.
"I am very pleased with this acquisition that complements our product range and strengthens our position in medical equipment, which is a growing sub-segment for us. We will be capable of offering our customers even more engineered solutions and, not least, a greater geographic reach. I am impressed by the company's high-quality products and its level of innovation, as well as the close relationships it has with its customers," says Dario Porta, President of the Trelleborg Coated Systems business area.
The transaction will be consolidated as of February 1, 2018.
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Notes to Editors:
Trelleborg's engineered coated fabrics operation and Trelleborg Group
Trelleborg engineered coated fabrics operation is a part of the Trelleborg Coated Systems business area of Trelleborg Group. With 100 years of experience and continual research, the operation engineers the fabric of industry through customized and pre-conceived solutions adapted to customers' exact applications. www.TrelleborgECF.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 31 billion (EUR 3.23 billion, USD 3.60 billion) and operations in about 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.Trelleborg.com.