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
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.

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Buyer(S) 1

Buyer

Trelleborg

Trelleborg, Sweden

Category Company
Founded 1905
Sector Machinery
Employees15,646
Revenue 34.3B SEK (2023)
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


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 182 of 204
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 62 of 66
State (Minnesota) 4 of 4
Country (United States) 79 of 89
Year (2022) 10 of 11
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
2022-11-09 Five Star Business Finance

Chennai, India

Five Star Business Finance is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Business Finance was founded in 1984 and is headquartered in Chennai, India.

Sell -