STOCKHOLM, Sweden, Oct. 25, 2005 (PRIMEZONE) -- Through its Trelleborg Sealing Solutions business area, Trelleborg has signed an agreement to acquire the operations of Chase-Walton Elastomers Inc., which has annual sales of approximately SEK 100 M and about 110 employees at two production units in Hudson, Massachusetts, in the U.S.
Chase-Walton Elastomers designs, develops and manufactures silicone components for industrial markets, primarily for the aerospace, medical technology and biotech industries. Chase-Walton is privately owned and was founded in 1955.
"With the acquisition of Chase-Walton, we are strengthening our position in important market segments with favorable growth potential," says Claus Barsoee, President of the Trelleborg Sealing Solutions business area. ``We are also expanding our coverage of the US market. The company has in-depth expertise and experience in silicone technology and its operations complement and extend our product portfolio in an excellent manner."
Chase-Walton Elastomers Inc. is to be integrated fully with Trelleborg Sealing Solutions' existing global operations. The formal takeover of the business is estimated to become effective on October 27, 2005.
Trelleborg Sealing Solutions is a leading global supplier of high-quality precision seals for industrial applications. The business area has annual sales of approximately SEK 5,000 M and some 5,700 employees. Its head office is located in Stuttgart, Germany and production units are located in Brazil, Canada, Denmark, France, India, Italy, Japan, Malta, Mexico, Poland, Sweden, the U.K., and the U.S.
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 23 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsborsen since 1964.
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