Trelleborg acquires French hose manufacturer
Trelleborg acquires French hose manufacturer - becomes European leader in the composite hoses segment Through the Trelleborg Engineered Systems business area, the Trelleborg Group has acquired the Dynaflex Division, with a small unit for the manufacture of composite hoses in Sancheville, France, from the industrial rubber group Manuli. Manuli Dynaflex produces hoses in composite materials. Typical applications are tanker-truck hoses, aviation-fuel hoses and hoses for aggressive chemicals. Manuli Dynaflex will be fully integrated with Unifluid (which was acquired during the autumn of 2003) as a single combined unit within Trelleborg Engineered Systems. The new unit will be the European leader in the composite hoses segment. Synergies are expected in both production and sales. The acquisition is part of the business area's strategy of expansion within selected industrial-hose segments, which are characterized by a high level of competitiveness and favorable future profitability. Following the acquisition, the business area has annual sales in the chemicals and petrochemicals segment of nearly SEK 150 M. Further information can be obtained from Peter Nilsson, Business Area President, Trelleborg Engineered Systems, +46 410 51020 or +46 708 220679, or from Viktoria Bergman, Vice President, Corporate Communications, +46 410 67094 or +46 708 475733. 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/2004/03/03/20040303BIT00140/wkr0001.DOC http://www.waymaker.net/bitonline/2004/03/03/20040303BIT00140/wkr0002.pdf