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Trelleborg acquires industrial tires operation- strengthens global leading position and adds interesting growth segment to portfolio of products

Trelleborg, through its business area Trelleborg Wheel Systems, has signed an
agreement to acquire Maine Industrial Tire, a U.S.-based market leader
specializing in solid tires for vehicles such as forklifts. The acquisition
complements Trelleborg’s already strong presence and product portfolio in the
segment.
 
Maine Industrial Tire’s headquarters is in Massachusetts, U.S., while its
production facilities are located in Pennsylvania, U.S., and Xingtai (Hebei),
China. Annual sales amount to approximately SEK 600 M and approximately 650
people are employed in the company.
 
The bolt-on acquisition is part of Trelleborg’s continued strategy to strengthen
its positions in attractive and profitable market segments. The transaction
broadens Trelleborg’s product portfolio within the industrial tires segment,
enabling Trelleborg to maintain its global leadership in the supply of solid
tires.
 
“The acquisition strengthens our position as a global leader and a strong local
business partner, not least in the world’s two largest industrial tires markets
China and North America. The product range produced complements our existing
offering within the industrial tires segment, focused on solid tires used in
warehousing, logistic operations and airports. The acquired company has a highly
attractive portfolio of advanced products and favorable profitability
performance,” says Maurizio Vischi, Business Area President, Trelleborg Wheel
Systems.
 
In addition to solid tires for vehicles such as forklifts, the acquired company
also develops and produces solid specialty tires for areas such as construction,
underground mining and waste management. The facility in China is adjacent to
the operation that Trelleborg acquired in the first quarter of 2011 from the
Chinese subsidiary of Maine Industrial Tire.
 
Synergies are expected to be generated on integration of the acquired company
into Trelleborg’s structure.
 
The acquisition is expected to be completed in the fourth quarter of 2012.
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