Trelleborg to acquire German industrial profiles company
Through its Building Systems business area, Trelleborg has entered into
an agreement to acquire the operations of the German company ETU GmbH,
which specializes in technically advanced industrial profiles.
"ETU is a relatively newly established company, with strong technical
product development capacity," says Peter Suter, President of Trelleborg
Building Systems. "The acquisition will strengthen our development
capacity within sealing profiles. In addition to the building sector,
ETU is also active in industrial markets and thus complements us well."
ETU supplies industrial profiles to the building industry and other
sectors primarily in Central Europe. The company, which has annual sales
of approximately SEK 50 M and 18 employees, conducts its operations
through a single unit in Grossheubach in Germany.
The acquisition will take the form of an asset-transfer transaction and
it is estimated that the company's operations will be taken over during
Trelleborg Building Systems develops and markets polymer- and bitumen-
based building products for sealing and damping applications within
industrial and consumer markets. The business area is the market leader
in the European sealing profiles market. In 2002, Trelleborg Building
Systems had sales of SEK 1,880 M, with approximately 1,200 employees.
Production units are located in Sweden, Denmark, Finland, Germany and
the United Kingdom.
For further information, please contact:
Peter Suter, Business Area President, Trelleborg Building Systems, +46
(0)708-23 83 49, or Trelleborg AB's Vice President Corporate
Communications, Viktoria Bergman, +46 (0)410 - 670 94 or +46 (0)708 - 47
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, with approximately 15,000 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 Stockholm Exchange since 1964.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download: