Trelleborg Sealing Solutions plans to acquire a subsidiary of CoorsTek Inc. that specializes in manufacturing precision seals for the aerospace industry.
The transaction is expected to close in the fourth quarter once it has received the approval of relevant authorities. Financial details were not disclosed.
Located in El Segundo, Calif., the CoorsTek business “is well known in the industry for its technical solutions, good quality and on time delivery,” according to Claus Barsoe, president of Trelleborg Sealing Solutions, a business unit of Stockholm-based Trelleborg AB
He said the aerospace market is an important growth sector for Trelleborg “and the acquired operation's product range of various PTFE seals and other custom-made plastic components fits very well into our product portfolio and future strategy.”
The business had sales of about $13.4 million in 2016.
Trelleborg said the acquisition will further strengthen the company's presence in North America and in providing sealing solutions for major aircraft programs.