Trelleborg, Sweden - Trelleborg said 4 Jan 2011 that its acquisition of privately owned UK company PPL Polyurethane Products Ltd has been finalised. The company has annual sales of about SEK 90 million ($13.35 million) and about 90 employees.
PPL Polyurethane Products, based in Retford in the UK, makes a broad range of polyurethane-based 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. As well as offices and production facilities in Retford, the business has a facility in Coventry.
The operation will be integrated into Trelleborg's Engineered Systems business.
Lennart Johansson, president of the Trelleborg Engineered Systems business area, said in an earlier statement that, "PPL Polyurethane Products is one of the leading companies in the UK for products based on polyurethane for offshore oil/gas and infrastructure." Johansson also said the purchase will allow Trelleborg to "broaden its offering in a number of niches."