Trelleborg acquires UK industrial profiles company
Trelleborg acquires UK industrial profiles company Through its Trelleborg Building Systems business area, Trelleborg has entered an agreement to acquire the operations of DJ Profiles of the UK, which specializes in sealing profiles for industrial applications. "The acquisition represents a step in strengthening our position in the UK market and DJ Profiles is a favorable complement to our current UK operations," says Peter Suter, President of Trelleborg Building Systems. "The acquisition provides us a broad product range, thereby strengthening our competitiveness in industrial profiles." DJ Profiles has annual sales of approximately SEK 60 M and some 70 employees in Telford, outside Birmingham. The company develops, manufactures and markets industrial profiles for the construction industry and other sectors, primarily in the UK. The transaction is an asset acquisition and control of operations will be assumed immediately. Trelleborg Building Systems develops and markets polymer and bitumen- based construction products for sealing and waterproofing applications for the industrial and consumer markets. The business area is the leader in sealing profiles in the European market. During 2002, Trelleborg Building Systems achieved sales of SEK 1,900 M. The business area has approximately 1,200 employees. Production units are located in Sweden, Denmark, Finland, Germany and the UK. Further information is available from Peter Suter, President of the Trelleborg Building Systems business area, +46 708-23 83 49 or from Trelleborg's information department, +47 410-670 09. 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 approximately SEK 22.5 billion, with about 21,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsbörsen since 1964. www.trelleborg.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/03/20031103BIT00070/wkr0001.DOC http://www.waymaker.net/bitonline/2003/11/03/20031103BIT00070/wkr0002.pdf