Trelleborg acquires industrial tire distributor for further expansion in Europe
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement to acquire the industrial tire business of the Italian company Pircher Alfred s.a.s. The business specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks. The acquisition further strengthens and enlarges Trelleborg’s European industrial tire distribution network.
The acquired business has distribution and service centers located in Milan and Bologna, Italy. Sales in 2012 amounted to approximately SEK 75 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive and profitable market segments.
“The focus of globally leading forklift manufacturers is increasingly shifting toward expanding their presence in local markets. This trend suits our business and we see the potential to successfully develop and expand our Interfit service concept for industrial tires. The acquired operation commands a strong position in the Italian market and has solid profitability. The transaction will strengthen our capabilities across the supply chain, from manufacturing to service of industrial tires,” says Maurizio Vischi, President of the Trelleborg Wheel Systems business area.
The acquisition is expected to be finalized during the first quarter of 2014.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
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 about SEK 21 billion 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 approximately SEK 14 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on NASDAQ OMX Stockholm, Large Cap.
www.trelleborg.com
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