Trelleborg AB : Trelleborg divests French light-vehicle component operation

[2012-01-24 09:00]

Trelleborg divests French light-vehicle component operation
Trelleborg has signed an agreement to divest an operation that manufactures high-technology rubber, plastic and foam components and systems for the light vehicles industry. The operation is primarily located in France and is part of the Trelleborg Automotive business area. The buyer is Bavaria Industriekapital AG with its registered office in Munich, Germany. The divestment is a further step in the Trelleborg Group's strategy to focus on selected segments.

The divested operation delivers components for pedal boxes and bump stop solutions for all opening panels of a car, such as the trunk lid, doors and hood. The operation also delivers various types of components, such as gaskets and molded hoses. These components and solutions are offered in a range of polymer materials.

"With this divestment, Trelleborg will achieve a more concentrated automotive-related operation that we can continue to develop," says Jim Law, Business Area President of Trelleborg Automotive. "At the same time, we are delighted that a new owner will take control of the now divested operation, which includes a highly advanced technical center and a strong European customer base."

The divested operation has annual sales of approximately SEK 550 M with about 570 employees. The transaction is expected to be finalized in the first quarter of 2012. More information about the purchase consideration and other information about the financials of the divestment will be stated in the Interim Report that will be published on February 15.

The operation is a separate unit in Trelleborg Automotive and is not connected to the antivibration business for light and heavy vehicles, which, as announced earlier, will be included in the joint venture with Freudenberg.

The Trelleborg Automotive business area is world leading in the development and manufacture of polymer-based components and systems for noise and vibration-damping solutions for light vehicles, as well as light and heavy trucks.

Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap.  
www.trelleborg.comFor further information, please contact:

Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, [e-mail]

Related documents

Receiver e-mail address

Your e-mail address

Subject

Your message