M&A Deal Summary

Trelleborg Acquires Minnesota Rubber & Plastics

On October 27, 2022, Trelleborg acquired plastics company Minnesota Rubber & Plastics from KKR

Acquisition Highlights
  • This is Trelleborg’s 1st transaction in the Plastics sector.
  • This is Trelleborg’s 12th transaction in the United States.
  • This is Trelleborg’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-10-27
Target Minnesota Rubber & Plastics
Sector Plastics
Buyer(s) Trelleborg
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Minnesota Rubber & Plastics

Minneapolis, Minnesota, United States
website
Minnesota Rubber & Plastics is a full-service provider of high-value rubber and plastic molded components and assembly solutions. MRP offers highly engineered elastomer and thermoplastic solutions for medical, water, industrial, and other end markets globally. Minnesota Rubber and Plastics was founded in 1945 and is based in Minneapolis, Minnesota.

Search 192,800 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Trelleborg

Trelleborg, Sweden

website


Category Company
Founded 1905
Sector Machinery
Employees22,209
Revenue 32.8B SEK (2020)
DESCRIPTION

Trelleborg is a provider in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for our customers in a sustainable way. Trelleborg was founded in 1905 and is based in Trelleborg, Sweden.


DEAL STATS #
Overall 35 of 35
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 30 of 30
State (Minnesota) 1 of 1
Country (United States) 12 of 12
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 EirMed

Menomonie, Wisconsin, United States

EirMed is a plastic injection molding company that focuses on medical devices. EirMed provides a full range of services, including design, engineering, manufacturing, assembly, and packaging. EirMed was founded in 1998 and is based in Menomonie, Wisconsin.

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 166 of 173
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 58 of 61
State (Minnesota) 4 of 4
Country (United States) 77 of 81
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Ness Digital Engineering

Teaneck, New Jersey, United States

Ness Digital Engineering is a provider of IT services and end-to-end solutions designed to help clients improve their competitiveness and efficiency. Ness' portfolio of solutions and services includes outsourcing, system integration, custom application development, consulting, quality assurance and training. Ness Digital Engineering was established in 1998 and is based in Teaneck, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-26 April

Lyon, France

April is a wholesale broker for consumer and SME insurance in France with a mid-sized consumer credit broker and several international subsidiaries. As a wholesale broker, the company designs and markets insurance products mostly under April’s brand to customer-facing primary insurance brokers and provides a platform for the primary brokers to retrieve quotes, process applications, and manage claims. April was formed in 1998 and is based in Lyon, France.

Buy -