# Trelleborg to acquire Minnesota Rubber and Plastics from KKR for $1 billion

Swedish engineering firm Trelleborg AB agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR for about $1 billion in cash. The deal is expected to close before the end of 2022.

- Type: Acquisition
- Announced: 2022-08-02
- Where: United States
- Value: $1.00B
- Status: announced
- Products: polymer and thermoplastic components, precision seals
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Trelleborg](https://endata.com/companies/1933.md) (acquirer)
- [KKR & Co](https://endata.com/companies/7617.md) (partner)
- [KKR](https://endata.com/companies/16879.md) (partner)
- [Minnesota Rubber and Plastics](https://endata.com/companies/56117.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/europe/trelleborg-buy-kkrs-minnesota-rubber-plastics-1-bln-deal-sources-2022-08-02/), 2022-08-02: "The deal, which was first reported by Reuters, is expected to expand Trelleborg's polymer and plastics business in North America when it closes before the end of this year."
- [news.cision.com](https://news.cision.com/trelleborg/r/trelleborg-to-acquire-minnesota-rubber---plastics,c3609417), 2022-08-02: "This is a step change for Trelleborg Sealing Solutions."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2022-08-02/trelleborg-to-buy-minnesota-rubber-plastics-for-950-million), 2022-08-02: "Trelleborg AB agreed to buy Minnesota Rubber & Plastics for $950 million to expand in the medical equipment and water management segments in North America."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/trelleborg-to-buy-minnesota-rubber-plastics-for-950-million), 2022-08-02: "The company is a very good fit with our own business within precision seals, and the transaction is expected to generate significant synergies in terms of lower costs and higher production efficiency."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.