Trelleborg acquires marine fender systems company to expand its presence in North America
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
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67015, 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 22 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 16 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com