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Trelleborg acquires industrial tire distributor for further expansion in Europe

Trelleborg has, through its business area Trelleborg Wheel Systems, signed an
agreement to acquire the industrial tire business of the Italian company Pircher
Alfred s.a.s. The business specializes in the distribution and service of
industrial tires, such as those fitted on forklift trucks. The acquisition
further strengthens and enlarges Trelleborg’s European industrial tire
distribution network.
 
The acquired business has distribution and service centers located in Milan and
Bologna, Italy. Sales in 2012 amounted to approximately SEK 75 M. This bolt-on
acquisition is part of Trelleborg’s strategy to strengthen its positions in
attractive and profitable market segments.
 
“The focus of globally leading forklift manufacturers is increasingly shifting
toward expanding their presence in local markets. This trend suits our business
and we see the potential to successfully develop and expand our Interfit service
concept for industrial tires. The acquired operation commands a strong position
in the Italian market and has solid profitability. The transaction will
strengthen our capabilities across the supply chain, from manufacturing to
service of industrial tires,” says Maurizio Vischi, President of the Trelleborg
Wheel Systems business area.
 
The acquisition is expected to be finalized during the first 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
14 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.
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