Trelleborg’s Acquisition of Turkish Industrial Hose Company Finalized
TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg (STO:TRELB) has finalized the acquisition of 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 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 will be consolidated as of July 1, 2014.
A press release regarding the acquisition was published on April 23, 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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