Trelleborg’s divestment of Goodall completed
The sale of operations in the US subsidiary, Goodall Rubber Company, has now been completed. Goodall, which sells and distributes industrial supplies, primarily hoses and hose connectors, in the US and Canada, has slightly more than 400 employees and generated sales of approximately SEK 650 M in 2005. Trelleborg acquired Goodall in 1986. The buyer is Lewis-Goetz and Company, Inc. of the US, which is based in Pittsburgh, Pennsylvania. The sale price amounts to approximately SEK 205 M, of which SEK 160 M paid in cash at the time of sale, and a further SEK 45 M is to be paid in the form of an interest-bearing loan maturing over a period of five years. For Trelleborg, the divestment is expected to result in a book capital loss of approximately SEK 45 M after tax, which was recorded in the interim report for the first quarter of 2006.