Trelleborg acquires tire operation in Germany
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement and finalized the acquisition of White Baumaschinenreifen GmbH (White). The company specializes in the service, fitting and repair of pneumatic and solid tires for construction vehicles in Germany. The acquisition further strengthens and enlarges Trelleborg’s European distribution network for tires for materials handling and construction vehicles.
The acquired company is located in Duisburg, Germany. Sales amounted to approximately SEK 90 M in 2016. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquisition gives us the opportunity to expand our tire service concept for materials handling and construction vehicles, while also allowing us to enhance our sales of service and distribution in Europe. It strengthens our entire supply chain, from manufacturing to service of tires,” says Paolo Pompei, President of the Trelleborg Wheel Systems business area.
The transaction will be consolidated as of November 2, 2017.
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Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 31 billion and operations in over 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been quoted on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.