Trelleborg sells operations in roll-coverings area
Trelleborg AB has signed an agreement to sell its roll-coverings
operations to the US company,
Stowe Woodward. The operations are located in Trelleborg, Sweden, and
Mjöndalen, Norway. The divestment is expected to be concluded on May 31,
The sale will release funds of approximately SEK 85 M for Trelleborg AB.
The capital gain will be used in a program to restructure the operations
of Trelleborg Engineered Systems in Mexico during the current year.
"The trend in the roll-coverings market is increasing toward fewer
players and to be really competitive would require an extensive range of
both products and services and global production, among other factors"
says Hans Porat, Executive Vice President of Trelleborg AB. "Roll-
coverings is an area in which Trelleborg has limited opportunities to
"The agreement means that Stowe Woodward Sweden AB takes over all
employees within Trelleborg Rolls in Sweden and that they are offered
employment based on existing terms," says Georg Brunstam, President of
the Trelleborg Engineered Systems business area.
Trelleborg has produced roll coverings on license from Stowe Woodward
since 1936. Stowe Woodward is the global leader in this product area,
with more than 30 production plants throughout the world.
Further information can be obtained from Georg Brunstam, President of
the Trelleborg Engineered Systems business area, telephone: +46 (0) 410-
512 51, or 0708-55 12 51, or from Mikael Sjöblom, Vice President,
Corporate Communications, telephone: +46 (0) 410-670 94, or 0708-55 21
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 Trelleborg Group has
annual sales of SEK 18 billion (pro forma 2000), with approximately
16,500 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 A list of the OM Stockholm Exchange since 1964.
This information was brought to you by BIT http://www.bit.se
The following files are available for download: