Precision Associates Inc., and its business partner Kevin Carver, have sold their interest in Sil-Pro L.L.C. to Trelleborg Sealing Solutions in a deal that’s expected to be finalized in the first quarter of 2019. The deal purportedly does not include the sale of any asset or interest beyond PAI’s holding in Sil-Pro.
Based in Minneapolis, PAI develops seals and other rubber products through molding, compound development and testing. The firm operates an ISO Class 7 clean room with tool making capability located at its 130,000-sq.-ft. facility.
Sil-Pro recently repurposed 3,000 square feet at its 35,000-sq.-ft. silicone molding site in Delano, Minn., to add up to 10 silicone molding machines. Like PAI, Sil-Pro operates two Class 7 clean rooms at a pair of facilities in Delano — the other spanning 50,000 square feet for thermoplastic molding.
Trelleborg Sealing Solutions is a subsidiary of Trelleborg A.B., which is based in Trelleborg, Sweden. “This acquisition complements our existing offering and expands our product range in such areas as drug delivery and surgical tools,” said Peter Hahn, President of Trelleborg Sealing Solutions. “The company is well-reputed with first-rate quality systems and clean room standards. Its expertise and capacity within tool making is a welcome addition to our current operation.”