Swedish Trelleborg Completes Acquisition of UK-based PPL Polyurethane Products
- Business & Finance
Trelleborg’s acquisition of the privately owned company PPL Polyurethane Products Ltd has been finalized. The company has annual sales of approximately SEK 90 M (Approximately USD $13 Million) and about 90 employees.
PPL Polyurethane Products is based in the UK and develops, manufactures and markets a broad portfolio of polyurethane-based solutions and products, with a focus on the offshore oil/gas and infrastructure segments. The products that PPL Polyurethane Products manufactures include bend stiffeners and cable protection products for offshore oil/gas and damping solutions in the infrastructure area, primarily for railroads. The company has offices and production facilities in Retford and Coventry, in the UK.
The operation will be integrated into the Trelleborg Engineered Systems business area.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2009 of approximately SEK 27 billion(Approximately USD $4 Billion), with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap.
Source:Trelleborg, January 6, 2011;