Trelleborg, Sweden -- Trelleborg Engineered Systems is to acquire UK-based PPL Polyurethane Products Ltd, which has annual sales of about SEK 90 million ($13 million) and about 90 employees.
PPL Polyurethane Products, based in Retford in the UK, develops, makes and markets a broad rangeof polyurethane-based solutions and products, with a focus on the offshore oil/gas and infrastructure segments. Products from PPL include bend stiffeners and cable protection products for offshore oil/gas and damping solutions in the infrastructure area, primarily for railroads. The company has offices and production facilities both in Retford and in Coventry.
"The company has had a solid trend for both growth and profitability and in recent years, it has developed attractive positions in the offshore oil/gas and infrastructure segments," said Lennart Johansson, president of the Trelleborg Engineered Systems business area. "PPL Polyurethane Products is one of the leading companies in the UK for products based on polyurethane for offshore oil/gas and infrastructure."
Johansson adds that, "The acquisition complements our product portfolio and generates the possibility of future growth," noting that the deal "creates opportunities for synergies, in terms of both costs and marketing, in that we will be able to broaden our offering in a number of niches."
Trelleborg said the acquisition is expected to be completed in the first quarter of 2011.