Trelleborg has acquired Printec, the printing blankets business of Day Brazil SA. The investment comes at a time when the organization’s long-term strategy to invest in markets with encouraging growth potential will also see it open a new facility in the region in October.
With a strong presence in Latin America and the US, as well as a production facility in Brazil, Printec has annual sales of USD $38.2 million and approximately 160 employees.
‘The acquisition of the established industry leader, Printec, supports Trelleborg’s long-standing strategy to strengthen our leading positions within attractive and profitable market segments,’ said Dario Porta, president of Trelleborg Coated Systems, which is part of the Trelleborg Engineered Systems business area.
‘The graphics industry is an attractive industry, and it is developing in new directions, not least in Latin America, and as such, an increased presence in this region was central to our growth strategy.’
Thomas Linkenheil, president of Printing Solutions at Trelleborg, said: ‘We believe the addition of the Printec business, which already has a great collection of advanced products, to the Trelleborg brand, will ensure that we are best placed to support our customers, now and in the future. And we are confident that the increased local production of high-performance printing blankets for the graphic industry through this acquisition will strengthen our position as global leader and business partner in Latin America and in the US.’