Trelleborg divests molded component operations in Sweden and Estonia
Trelleborg has signed an agreement and finalized the divestment of its Swedish and Estonian operations that manufacture molded components, a business unit within the reporting segment Businesses Under Development. It is the current management that is acquiring the operations. The divestment is part of Trelleborg’s strategy to focus on selected market segments.
The divested operations develop and manufacture various types of molded products. Sales are mainly conducted to local and regional customers.
“We have for a while evaluated various strategic alternatives for these molded component operations. It soon became clear that a sale to the management team was the best option. With the divestment, we focus further on our core businesses,” says Ulf Berghult, Chief Financial Officer and overall responsible for Businesses Under Development.
The divested operations, which had annual sales of approximately SEK 250 M in 2019, were deconsolidated on April 22, 2020. The transaction will only have a minor positive impact on the Group’s net profit.
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 solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 37 billion and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems and a reporting segment, Businesses Under Development. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com