Trelleborg’s Acquisition of Marine Fender Systems Company Finalized
Trelleborg (STO:TRELB) has finalized the acquisition of Maritime International, Inc., a U.S. based privately owned marine fender systems company. The company designs and manufactures marine fender systems and other quay accessories. The acquisition strengthens the presence of Trelleborg in berthing, docking and mooring in North America and reinforces Trelleborg’s leading position globally.
The acquired business has its head office and main manufacturing facility in Broussard, Louisiana. Sales are mainly in North America and amount to approximately SEK 200 M annually. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
The transaction will be consolidated as of October 15, 2015.
A press release regarding the acquisition was published on September 25, 2015.
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 22 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 16 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.trelleborg.com
This information was brought to you by Cision http://news.cision.com
Nachrichten zu Trelleborg AB (B)mehr Nachrichten
||Ausblick: Trelleborg (B) stellt das Zahlenwerk zum vergangenen Quartal vor (finanzen.net)|
||Ausblick: Trelleborg (B) gewährt Anlegern Blick in die Bücher (finanzen.net)|