TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire the privately owned Superlas Group. The company develops and manufactures industrial hoses for a range of industries, such as construction and civil engineering, processing, industrial cleaning and tanker transportation. The acquisition consolidates Trelleborg’s market leading position in industrial hoses.
The company has manufacturing facilities in Turkey and sales offices in Austria and the U.K. Sales are global and in 2013 amounted to about SEK 400 M. The transaction forms part of Trelleborg’s strategy to strengthen its positions in selected attractive market segments.
“The acquired operation is a major manufacturer of medium/low pressure industrial hoses and one of the world’s largest in mandrel-build hoses. Superlas Group offers a product range that complements Trelleborg’s product portfolio very well. By combining these offers, we create favorable opportunities for further geographic expansion, particularly in North America and Asia while strengthening our market position in general”, says Mikael Fryklund, President of the Trelleborg Industrial Solutions business area.
The transaction is expected to be finalized in the second quarter of 2014.
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 15 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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