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    TREL B   SE0000114837

TRELLEBORG AB (PUBL)

(TREL B)
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Delayed Nasdaq Stockholm  -  11:29 2022-09-23 am EDT
208.70 SEK   -2.93%
09/19TRELLEBORG : Send in the drones
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09/19Buybacks of shares of series B in Trelleborg during week 37, 2022
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09/12Buybacks of shares of series B in Trelleborg during week 36, 2022
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Trelleborg to buy KKR's Minnesota Rubber and Plastics in $1 billion deal - sources

08/02/2022 | 08:03am EDT
FILE PHOTO: FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New York

NEW YORK (Reuters) - Swedish engineering firm Trelleborg AB has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc for about $1 billion in cash, according to people familiar with the matter.

The deal is expected to expand Trelleborg's polymer and plastics business in North America when it closes before the end of this year, the sources told Reuters.

KKR acquired Minneapolis-based Minnesota Rubber and Plastics from private equity firm Norwest Equity Partners for an undisclosed amount in 2018. The company was founded in 1941 and produces high-grade plastic components used in cars, medical devices and telecommunications equipment, with manufacturing facilities in North America, Europe and Asia.

Minnesota Rubber and Plastics has acquired several smaller rivals under KKR's ownership. It bought Britain's Primasil Silicones in May and Pawling Engineered Products Inc, a Prawling, New York-based plastics firm, in 2021.

Stockholm-listed Trelleborg is a provider of high-end plastics and polymer used by companies across oil and gas, aviation and construction. It has a market capitalization of about $6 billion.

The acquisition comes as Trelleborg shares trade close to an all-time high. The company clinched a deal earlier this year to sell its division that makes tyres for agricultural and industrial machinery to Yokohama Rubber Co for 265.2 billion yen ($2.18 billion), giving it capital for acquisitions and share buybacks.

(Reporting by Chibuike Oguh in New York; Editing by Rashmi Aich)

By Chibuike Oguh


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. -2.70% 43.89 Delayed Quote.-41.09%
LONDON BRENT OIL -0.99% 86.07 Delayed Quote.15.96%
THE YOKOHAMA RUBBER CO., LTD. -2.19% 2228 Delayed Quote.23.60%
TRELLEBORG AB (PUBL) -2.93% 208.7 Delayed Quote.-12.24%
WTI -1.00% 78.777 Delayed Quote.5.25%
All news about TRELLEBORG AB (PUBL)
09/19TRELLEBORG : Send in the drones
PU
09/19Buybacks of shares of series B in Trelleborg during week 37, 2022
AQ
09/12Buybacks of shares of series B in Trelleborg during week 36, 2022
AQ
09/05Buybacks of shares of series B in Trelleborg during week 35, 2022
AQ
08/31TRELLEBORG : Supplies next generation navigation and piloting solutions to Peel Ports Grou..
PU
08/29Buybacks of shares of series B in Trelleborg during week 34, 2022
AQ
08/15Buybacks of shares of series B in Trelleborg during week 32, 2022
AQ
08/08Buybacks of shares of series B in Trelleborg during week 31, 2022
AQ
08/02KKR to Sell Minnesota Rubber and Plastics to Trelleborg for $950 Million
MT
08/02TRANSCRIPT : Quadion LLC, Trelleborg AB - M&A Call
CI
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Financials
Sales 2022 27 915 M 2 481 M 2 481 M
Net income 2022 6 026 M 536 M 536 M
Net Debt 2022 5 615 M 499 M 499 M
P/E ratio 2022 9,63x
Yield 2022 2,99%
Capitalization 54 104 M 4 808 M 4 808 M
EV / Sales 2022 2,14x
EV / Sales 2023 2,15x
Nbr of Employees 21 840
Free-Float 85,1%
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Technical analysis trends TRELLEBORG AB (PUBL)
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 208,70 SEK
Average target price 265,83 SEK
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Peter Lennart Nilsson President, Chief Executive Officer & Director
Fredrik Nilsson Chief Financial Officer
Hans Torsten Gunnar Biörck Chairman
Anne-Mette Olesen Independent Director
Margot Gunilla Fransson Independent Director
Sector and Competitors