Delano, Minn. — Service continues to be a priority for Trelleborg AB's Sealing Solutions unit, and its latest acquisition only furthers that goal.
The firm in January finalized a deal to acquire all of Sil-Pro LLC from Precision Associates Inc. and its business partner Kevin Carver. Based in Delano, the manufacturer of silicone parts reported $38.7 million in 2017 sales and is part of Trelleborg's bolt-on strategy to position itself in the medical industry.
Financial details were not disclosed. Trelleborg said all employees will transfer with the business.
"Today's agreement represents the culmination of 18 wonderful years of prosperous partnership among the Kadue and Carver families and our hundreds of dedicated and talented employees," PAI President Bradley Kadue said in a statement. "The team at Sil-Pro has built a phenomenal business over that time, and we are proud to have played a part in that success. We are pleased to have partnered with such a capable and ethical company as Trelleborg. We know that Sil-Pro and its employees will be a marvelous complement to its operations."
PAI develops seals and other rubber products through molding, compound development and testing. The firm operates an ISO Class 7 clean room with toolmaking capability located at its 130,000-square-foot facility. Trelleborg Sealing Solutions is a subsidiary of Trelleborg, which is based in Trelleborg, Sweden.
Linda Muroski, president of Trelleborg Sealing Solutions' North American unit, said adding Sil-Pro to the Trelleborg portfolio will help both companies break into new customer bases and share best practices.
"We'll have one cohesive sales team that sells all of Trelleborg Sealing Solutions' health care solutions," she said. "It gives us a chance to share capabilities across manufacturing facilities as well. We want to make sure we're taking the best practices of one and putting them in the other."