Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement to acquire Maritime International, Inc., a U.S. based privately owned marine fender systems company. The company designs and manufactures marine fender systems and other quay accessories. The acquisition strengthens the presence of Trelleborg in berthing, docking and mooring in North America and reinforces Trelleborg’s leading position globally.
The acquired business has its head office and main manufacturing facility in Broussard, Louisiana. Sales are mainly in North America and amount to approximately SEK 200 M annually. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquired business is a well-run business with a strong market reputation. With the acquisition we expand and broaden our presence in North America and obtain access not only to enlarged local production capabilities and offerings but also to solid engineering and testing expertise,” says Fredrik Meuller, President of the Trelleborg Offshore & Construction business area.
“We share the same values as the acquired business in regards to quality, safety and technology, which is essential as we continue our focus on increasingly engineered polymer solutions with a high technology and knowledge content. The fender market outlook in the North American region brings strong growth opportunities, especially as increasing vessel sizes necessitate port facility upgrades,” concludes Fredrik Meuller.
The transaction is expected to be finalized in the fourth quarter of 2015.
Source: http://www.trelleborg.com/en/