May 5 2008
Through its Trelleborg Engineered Systems business area, Trelleborg has entered an agreement to acquire the operations of US company NPC Inc., with about 100 employees and sales of SEK 110 M.
This acquisition strengthens Trelleborg’s leading position in pipe seals, primarily for newbuilding and replacement in the infrastructure market. NPC Inc. specializes in large seals for such applications as drains and manholes.
“NPC broadens our market presence, primarily in the North American market and, at the same time, provides an excellent complement to Trelleborg’s existing range of pipe seals,” says Lennart Johansson, President of the Trelleborg Engineered Systems business area.
NPC has its head office and production in Milford, New Hampshire, US, plus another minor production facility in the US.
NPC is a portfolio company of American Capital Strategies Ltd. (Nasdaq: ACAS), the largest U.S. publicly traded alternative asset manager.
The operations will be integrated with the existing business within Trelleborg Engineered Systems.
The transfer of NPC Inc. is expected to occur during the second quarter of 2008.
Posted May 6th,2008