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Trelleborg — M&A Activity 2011
Mar 8, 2011
2985_rns_2011-03-08_26c753b4-18dc-4ad1-8fdd-4d0b180d91d7.pdf
M&A Activity
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Press release Trelleborg, March 8, 2011
Trelleborg's acquisition in specialty tires for the Chinese market finalized
Trelleborg's acquisition of an operation in Xingtai (Hebei), in eastern China, has been finalized. This transaction will facilitate the Group's expansion in the Chinese market for specialty tires, primarily agricultural tires.
Trelleborg has acquired an existing facility from a Chinese company, part of the US Group Main Industrial Tire LLC, and will also take over approximately 180 employees.
A press release regarding the acquisition was published on February 17, 2011.
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 had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
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For further information, please contact: Media: SVP Corporate Communications Viktoria Bergman, +46 (0)410 67094, +46 (0)708 475733 [email protected] Investors/analysts: Vice President IR Conny Torstensson, +46 (0)410 67070, +46 (0)734 087070, [email protected]