Trelleborg Group has decided to establish a new business area, Trelleborg Medical Solutions. The new business area will consist of the healthcare & medical operations within the Trelleborg Sealing Solutions business area including the signed acquisition of Baron Group. The business area will reinforce Trelleborg?s focus on the fast-growing healthcare and medtech industry.

The head office of the new business area will be located in Minneapolis, USA and led by Linda Muroski. Linda is currently heading Global Healthcare & Medical as well as Industrial Americas within the business area Trelleborg Sealing Solutions. The healthcare and medtech markets are projected to grow more than 5% annually, driven by increased healthcare spending, an ageing population, a growing middle class and rising demand in the Asia-Pacific region.

Trelleborg Medical Solutions will offer a broad portfolio of polymer-based solutions for both medtech and biopharma. The business area will initially generate sales of about SEK 3.6 billion proforma on a yearly basis, including the acquisition of Baron Group. The operations will comprise fourteen production facilities and four tool and innovation centers spread all over the world.

Sales and production are geographically largest in North America, followed by Asia and Europe. The new organization will be implemented from April 1, 2024. In March, Trelleborg will report restated financial figures for both Trelleborg Medical Solutions and Trelleborg Sealing Solutions in its new structure.

The Trelleborg Industrial Solutions business area will not be affected by the new Group organization.