Trelleborg acquisition of Danish Phønix Tag completed

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). ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: