Trelleborg Acquires Special Tire Distributor in Australia
STOCKHOLM, Sweden--Regulatory News:
Through its Trelleborg Wheel Systems business area, Trelleborg (STO:TRELB) has signed an agreement to acquire the privately owned Australian special tire distributor Solid Service Group, which has about 40 employees and annual sales of approximately SEK 65 M.
Solid Service Group is one of the largest distributors of solid industrial tires in Australia, with its head office in Dandenong, outside Melbourne. The Group has branches in Melbourne, Sydney, Brisbane, Adelaide, Perth, Darwin and Tasmania. The operation focuses on specialized service for industrial customers, including fixed pressing units and mobile pressing units for onsite fitting of all types of industrial tires, primarily for various types of forklifts.
"Solid Service Group is a specialized, leading trader in the Australian market for industrial tires. This acquisition represents an expansion of our presence in the Australian market and strengthens our current logistical network across the continent, creating new opportunities for our own tire products and for our continued growth in Australia," says Maurizio Vischi, Business Area President of Trelleborg Wheel Systems.
The acquisition is expected to be completed during the fourth quarter 2007.
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 has annual sales of approximately SEK 27 billion, with about 24,000 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
This information was brought to you by Cision http://newsroom.cision.com
Contacts
Trelleborg
Corporate Communications, +46 (0)410-670 00
or
Mikael Bystrom, Senior Vice President, Investor Relations
Tel. +46 (0)410-670 37 or +46 (0)708-55 21 69
Through its Trelleborg Wheel Systems business area, Trelleborg (STO:TRELB) has signed an agreement to acquire the privately owned Australian special tire distributor Solid Service Group, which has about 40 employees and annual sales of approximately SEK 65 M.
Solid Service Group is one of the largest distributors of solid industrial tires in Australia, with its head office in Dandenong, outside Melbourne. The Group has branches in Melbourne, Sydney, Brisbane, Adelaide, Perth, Darwin and Tasmania. The operation focuses on specialized service for industrial customers, including fixed pressing units and mobile pressing units for onsite fitting of all types of industrial tires, primarily for various types of forklifts.
"Solid Service Group is a specialized, leading trader in the Australian market for industrial tires. This acquisition represents an expansion of our presence in the Australian market and strengthens our current logistical network across the continent, creating new opportunities for our own tire products and for our continued growth in Australia," says Maurizio Vischi, Business Area President of Trelleborg Wheel Systems.
The acquisition is expected to be completed during the fourth quarter 2007.
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 has annual sales of approximately SEK 27 billion, with about 24,000 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
This information was brought to you by Cision http://newsroom.cision.com
Contacts
Trelleborg
Corporate Communications, +46 (0)410-670 00
or
Mikael Bystrom, Senior Vice President, Investor Relations
Tel. +46 (0)410-670 37 or +46 (0)708-55 21 69
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