Trelleborg sells units in Horda and Ohs
Trelleborg sells units in Horda and Ohs Trelleborg Automotive, one of the Trelleborg Group's four business areas, is selling its manufacturing units in Horda and Ohs to Vätterledens Invest AB. The sale is part of Trelleborg Automotive's concentration and reorganization program. In 1996 the Group parent company Trelleborg AB acquired the Horda group, which included the Horda and Ohs manufacturing units. Among other items, the units produce rubber components, crankcase ventilation equipment and rubber hose. These product areas are no longer considered to represent a core area of business within Trelleborg Automotive. Accordingly, this is seen as an ideal opportunity to sell production units to an owner who will assume industry responsibility for, and offer continued employment to, the units' personnel. The sale of the Horda and Ohs units will not affect the Trelleborg Group's earnings for fiscal year 2000. For further information, please contact Vice President, Corporate Communications, Mikael Sjöblom, Trelleborg AB, telephone +46(0)410 - 670 94, or mobile +46 (0)708 - 55 21 30. Trelleborg is a global industrial group undergoing a major process of change. The key concept is concentration and profitable growth. The Group has annual sales of SEK 13.5 billion, with slightly more than 12,000 employees in 28 countries. Trelleborg consists of four business areas: Automotive, Wheel Systems, Engineered Systems and Building Systems. The Trelleborg share has been quoted on the A-list of the OM Stockholm Stock Exchange since 1964. www.trelleborg.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/11/20001011BIT00790/bit0001.doc http://www.bit.se/bitonline/2000/10/11/20001011BIT00790/bit0002.pdf