Trelleborg acquires companies in Singapore, Australia and Europe; creates
world-leadership position in fender systems
Trelleborg AB has signed an agreement to acquire Hercules Rubber &
Chemicals (Singapore), Queensland Rubber (Australia) and the majority of
Fentek Marine Systems (Germany). The companies are expected to be
incorporated within the Trelleborg Group as of April 30, 2001.
The main products are marine fender systems and other infrastructure
construction products (for example, bridge bearing systems and tunnel
seals). The companies sell their fender systems under a common brand name,
Fentek, which is the market leader in Europe and Oceania and is considered
as No. 2 globally. The companies also hold favorable market positions with
other infrastructure construction products, an area of business in which
Trelleborg already occupies leading market positions and expects to
achieve synergistic effects.
During 2000, the companies had combined sales of around SEK 230 M, with
approximately 300 employees at plants in Singapore, Australia, Germany and
"Through the acquisition of these companies, Trelleborg strengthens its
position within the fender product area. This means that the acquisition
is also in line with Trelleborg's strategy, which is to grow in the
polymer materials area by creating market-leadership positions," comments
Hans Porat, Deputy CEO of the Trelleborg Group.
"Trelleborg occupies a solid position within the fender systems segment in
Europe and South America," says Georg Brunstam, President of the
Trelleborg Engineered Systems business area. The Fentek Group complement
Trelleborg's positions both technologically and geographically and
provides us with a sales bridgehead into the Asian market for our
specialized infrastructure construction products.
"Jointly with Trelleborg's existing organization, we will create a global
network for fenders and fender systems and can expect to achieve
synergistic effects within production and marketing also other products,
among other operations."
The global market for fender systems is estimated to be worth
approximately SEK 1-1.5 billion per year. Sales are governed by the supply
of major projects, which means that the market can vary from year to year.
Further information can be obtained from Georg Brunstam, President of
Trelleborg Engineered Systems, telephone: +46 410 512 51, 0708 55 12 51,
or via Trelleborg AB's Vice President, Corporate Communications, Mikael
Sjöblom, +46 410 670 94, or 0708 55 21 30.
Trelleborg is a global industrial group. Operations are based on spearhead
competence within polymer materials and a high level of industrial know-
how, combined with functional solutions and systems designed to meet the
needs of our customers. The Group has annual sales of SEK 17 billion (pro
forma 2000, including the acquisition of LAC), with approximately 16,000
employees in 40 countries. Trelleborg consists of four business areas:
Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered
Systems and Trelleborg Building Systems. The Trelleborg share has been
quoted on the OM Stockholm Exchange since 1964.
Trelleborg Engineered Systems is one of four business areas within the
Trelleborg Group. Engineered Systems develops, manufactures, markets and
distributes flow-control systems and engineering solutions in polymer
materials, all with a high engineering content, to leading customers in
global markets. The business area has annual sales of SEK 3 billion and
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