Trelleborg acquires Danish Phønix Tag and strengthens market position for
roofing products in the Nordic countries
Trelleborg Building Systems has signed a contract in principle with
Rieber&Søn ASA for the acquisition of the roofing-related sections of
Phønix Tag. The acquired operations are expected to become part of the
Trelleborg Group from March 1, 2001. The purchase sum is slightly more
than DKK 100 M and the acquisition is in keeping with the Group's strategy
of expanding to achieve leading market positions.
The acquired sections of Phønix Tag had sales of approximately DKK 385 M
in 2000 and have about 360 employees. Production is located at Vejen in
the Danish province of Jutland.
During the 1990s, there was a gradual concentration and
internationalization of the building and construction and building
products wholesaling sector. Larger units have been formed, with
increasing international operations. The corresponding development is now
also taking place in the building materials industry.
"In recent years, Trelleborg Building Systems has reinforced its position
as one of the leading producers and sellers of sealing and building
products made of bitumen, through such measures as the acquisition of
Sweden's Trebolit and Finland's Joule OY," says Peter Suter, who heads
Trelleborg Building Systems. "This means that Trelleborg now markets
strong and well-known products under such brand names as Mataki and
During the past five years, Trelleborg Building Systems has undergone
extremely positive development in the Nordic roofing market. The
acquisition of Phønix Tag further consolidates Trelleborg's position,
making it the No. 2 company in the Nordic roofing sector.
Phønix Tag is a fitting addition to Trelleborg Building Systems'
operations. Synergies will be achieved in product development, purchasing
and marketing, among other areas.
For further information, please contact: Peter Suter, business area
president, Trelleborg Building Systems,
Tel: +46-708-23 83 49 or Mikael Sjöblom, Vice President, Corporate
Communications, Tel: +46-410-670 94 or +46-708-55 21 30.
Trelleborg Building Systems is one of four business areas within the
Trelleborg Group. Building Systems is a leading supplier of rubber and
bitumen-based building products for sealing and damping applications
within the building industry and the do-it-yourself market. Production
facilities are located in Sweden, the UK, Germany and Finland. Trelleborg
Building Systems has about 900 employees and sales of approximately SEK
Trelleborg is a global industrial group. Operations are based on spearhead
competence within polymer materials and a high level of industrial know-
how, with functional solutions and systems designed to meet the needs of
our customers. Trelleborg AB has sales of SEK 16.5 billion (pro forma
2000, including the acquisition of LAC) and has about 15,500 employees in
40 countries. The Trelleborg Group is organized in four business areas -
Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered
Systems and Trelleborg Building Systems. The Trelleborg share has been
quoted on the A List of the OM Stockholm Exchange since 1964.
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