Trelleborg acquisition of Danish Phønix Tag completed
Trelleborg acquisition of the roofing related sections of the Danish
company Phønix Tag is now completed. The seller is Norwegian Rieber&Søn
ASA. 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 past five years, Trelleborg Building Systems, one of four
business areas within the Trelleborg Group, 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.
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 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
approximately SEK 17 billion (pro forma 2000, including the acquisitions
of LAC and Phønix Tag) and has about 16,000 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.
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 water-proofing
applications within the building industry and the do-it-yourself market.
Production facilities are located in Sweden, Denmark, Finland, the UK
and Germany. Trelleborg Building Systems has about 1,250 employees and
sales of approximately SEK 1,900 M (including Phønix Tag).
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