Feb 2 2013
Trelleborg, through its business area Trelleborg Wheel Systems, has signed an agreement and finalized the acquisition of the industrial tire business of the Dutch company Industriebanden Beheer B.V.
The business specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks. The acquisition strengthens and enlarges Trelleborg’s European industrial tire distribution network.
The acquired business has its head office in Ridderkerk, the Netherlands, and serves mainly the Dutch market. Annual sales in 2012 are estimated at about SEK 50 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive and profitable market segments.
“The acquisition gives us the opportunity to expand our successful industrial tire service concept while also allowing us to grow in the areas of service and distribution in Europe. It strengthens our entire supply chain, from manufacturing to service of industrial tires. The acquired business commands a strong position in the market and has a favorable profitability record,” says Maurizio Vischi, Business Area President, Trelleborg Wheel Systems.
The transaction will be consolidated as of February 1, 2013.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group has annual sales of about SEK 22 billion with about 15,500 employees in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of SEK 13 billion and about 8,000 employees in 18 countries.
Source: http://www.trelleborg.com/