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    Trelleborg will acquire Minnesota Rubber & Plastics for approximately $950 million. The acquisition strengthens Trelleborg's position in North America, provides a more complete product offering to customers, and enhances exposure to high-growth industries like healthcare. Minnesota Rubber & Plastics generates around $2.25 billion in annual sales and has over 1,400 employees across 8 manufacturing sites in North America, Europe, and China. The acquisition supports Trelleborg's strategy of becoming the foremost engineered polymer solutions company in selected industries.

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    Trelleborg to acquire Minnesota rubber

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    MRP presentation final

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    Trelleborg will acquire Minnesota Rubber & Plastics for approximately $950 million. The acquisition strengthens Trelleborg's position in North America, provides a more complete product offering to customers, and enhances exposure to high-growth industries like healthcare. Minnesota Rubber & Plastics generates around $2.25 billion in annual sales and has over 1,400 employees across 8 manufacturing sites in North America, Europe, and China. The acquisition supports Trelleborg's strategy of becoming the foremost engineered polymer solutions company in selected industries.

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    © All Rights Reserved
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    30 views8 pages

    MRP Presentation Final

    Uploaded by

    U D
    Trelleborg will acquire Minnesota Rubber & Plastics for approximately $950 million. The acquisition strengthens Trelleborg's position in North America, provides a more complete product offering to customers, and enhances exposure to high-growth industries like healthcare. Minnesota Rubber & Plastics generates around $2.25 billion in annual sales and has over 1,400 employees across 8 manufacturing sites in North America, Europe, and China. The acquisition supports Trelleborg's strategy of becoming the foremost engineered polymer solutions company in selected industries.

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    © All Rights Reserved
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    of 8

    Trelleborg to acquire Minnesota Rubber & Plastics

    August 2, 2022

    1
    “Growing Trelleborg into the world’s foremost
    engineered polymer solutions company in our
    selected industries”

    2
    Accelerating our journey

    Strategic rationale for deal

    ▪ Step-change for Trelleborg Sealing Solutions –


    becoming as strong in North America as in Europe
    ▪ Strengthening the core – sailing in known waters
    and highly synergistic
    ▪ More complete and global offering to customers
    ▪ Enhances exposure to high growth segments –
    Healthcare & Medical, Food, Beverage & Water
    and more
    ▪ Accelerating our journey

    3
    An excellent fit for Trelleborg

    Minnesota Rubber & Plastics

    ▪ Sales ~2,250 MSEK


    ▪ Headquarter in Plymouth, Minnesota, USA
    ▪ 8 manufacturing sites across North America,
    Europe and China
    ▪ >1,400 employees

    4
    An excellent fit for Trelleborg

    Footprint Geographical sales split Market segments

    13% 13%
    25%
    12%

    43% 20%
    75%

    North America Medical


    Europe Food, Beverage & Water
    Asia Specialty Industrials
    Headquarter and innovation center Manufacturing sites Automotive

    5
    Transaction overview

    Purchase price

    ▪ Seller: Affiliate of KKR USD 950 M


    ▪ Strategic acquisition for Trelleborg SEK ~9,500 M
    ▪ Highly synergistic and accelerating ▪ Cash and debt free basis
    our journey ▪ Purchase price USD 860 M when considering tax
    benefits of USD ~90 M
    ▪ Valuation ~10x EBITDA including ▪ Committed bridge financing in place
    near-term synergies ▪ Closing subject to approvals by relevant authorities

    6
    Closing remarks

    “Growing Trelleborg into the world’s foremost engineered


    polymer solutions company in our selected industries”

    ▪ Strong support and in line with our direction “New horizons for Trelleborg”
    ▪ More profitable, less cyclical and improved sustainability profile
    ▪ More coherent portfolio with similar business models and drivers
    ▪ Resource allocation to higher growth segments
    ▪ Strengthen our capacity to accelerate growth – organically and through acquisitions

    7
    8

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