Trelleborg completes purchase of German aerospace, industrial seals maker
1 Nov 2022
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Lindau-based MG Silikon GmbH acquired from Saint-Gobain Group
Trelleborg, Sweden – Trelleborg AB has finalised the previously announced acquisition of Lindau, Germany-based company MG Silikon GmbH from Saint-Gobain Group, the Swedish manufacturer said 31 Oct.
With annual sales of around SEK120 million (€11.5 million), MG Silikon specialises in sealing products and systems for aerospace and industrial applications.
The deal, which was carried out through Trelleborg Sealing Solutions, follows a “strong recovery” in the aerospace industry after the Covid pandemic, said Peter Hahn, president of the Trelleborg Sealing Solutions business area in an announcement in July.
“With the acquisition of MG Silikon, we increase the production capacity of airframe seals and strengthen our offering in sealing solutions for cabin interiors, which is a strategic growth area for us,” said Hahn.
“Our offering for cabin interiors has been limited, but the acquisition creates new and exciting opportunities for us,” the Trelleborg Sealing Solutions leader further explained.
The German company, he noted, also manufactures engineered seals for general industry, such as building and construction, and the rail industry.
“This acquisition complements us in several important areas, and we foresee synergies in both sales and supply chains,” concluded Hahn.
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