PIE-TICKER
Trelleborg buys seals business from Smiths Group
The Trelleborg Group (www.trelleborg.com), Trelleborg / Sweden, has agreed to pay GBP 495m for the Polymer Sealing Solutions business of the Smiths Group (www.smiths-group.com), London, subject to EU and US regulatory approval. The business supplies polymer-based precision seals to the automotive, industrial and aerospace markets through brands such as Busak + Shamban, Forsheda, Dowty Automotive and Polypac. It had a turnover of GBP 378m in 2002, generating an operating profit of GBP 45m, and will now account for 24% of Trelleborg group sales.
30.07.2003 Plasteurope.com [14339]
Published on 30.07.2003